Introduction

Excalibre Corporate is a Corporate Finance Advisory which seeks to cater to the entire gamut of financial services required by corporates over their complete Business Lifecycle.

Excalibre Corporate’s aspiration is to serve as a trusted repository of knowledge in the Indian Corporate Finance sector and to be a ‘One-Stop Shop’ for all financial requirements of a variety of corporates across industry verticals.

Excalibre Corporate provides a full range of Corporate Financial Management services such as Corporate Investment Advisory, Securities Research & Investment Analysis for Equity (Common & Preferred Stock) & Fixed Income (Bond & Debenture) and Hybrid Securities as well as Structured Finance, Equity & Debt Fund Raising Advisory, Capital Structure & Allocation Advisory, Financial Risk Management and Corporate Communication Services.

Excalibre Corporate works with a variety of corporate entities at every stage of their Business Lifecycle, be it start-ups with seed-funding requirements, high-growth companies looking to grow organically through venture capital or through private equity or debt injection, companies opting for inorganic growth through mergers or acquisitions, companies issuing or investing in Equity or Fixed Income securities, companies undertaking Equity or Debt offerings for Financing, or mature corporates looking to optimize their Capital Investment Portfolio through optimized Capital Budgeting, efficient Capital Structuring & Allocation and effective Financial Risk Management.

Service Offerings

A. Corporate Investment Advisory

1. Capital Budgeting

i. Breakeven Analysis
ii. Net Present Value (NPV) Analysis
iii. Internal Rate of Return (IRR) & Modified IRR (MIRR) Analysis

2. Financial Risk Analysis

i. Sensitivity Analysis
ii. Scenario Analysis

3. Economic Viability Analysis

Part of Techno Economic Viability – TEV Study
(Statutory Requirement for Bank and NBFC Funding)

B. Securities Research & Investment Analysis

Products:

1. Equity (Common & Preferred Stocks)
2. Fixed Income (Bonds & Debentures)
3. Hybrid Securities and Structured Finance

Methods:

1. Principal ‘Intrinsic Value’ Analysis:

i. ‘Residual Income’ Method

ii. ‘Cash Flow’ Methods:

Discounted ‘Free Cash Flow to Firm’ (FCFF)
Discounted ‘Free Cash Flow to Equity’ (FCFE)

iii. ‘Income’ Methods:

Discounted EBITDA / EBIT / EBT / Net Earnings

2. Alternate ‘Relative Value’ Analysis:

(For Specific Comparables / Peer Group / Industry Analysis)

i. ‘Market Multiples – Price’ Method
ii. ‘Market Multiples – Enterprise Value’ Method

C. Fund Raising Advisory

1. Equity (Stock/Hybrid/Structured) Financing

i. Merchant Banking Liaison
ii. Valuation for IPO, FPO & OFS
iii. Private Placement

2. Debt (Bond/Debenture/Loan) Financing

i. Banks: Sole/Multiple/Consortium Banking Representation
ii. NBFCs: Non-Bank Finance Companies Liaison
iii. Syndicate Representation

D. Capital Structure & Allocation Advisory

1. Capital Structure Analysis

i. Proportion of Equity and Debt Capital and Sources & Uses of Long-Term & Short-Term Capital
ii. Historical (Trend) and Forecast (Pro-forma) Financial Position and Performance Analysis
iii. Capital Flows: Cash Flow & Fund Flow Analysis
iv. Economic Value Add (EVA) and Market Value Add (MVA)

2. Capital Allocation Analysis

i. Cost of Capital, Return on Capital, Residual Income
ii. Dividend and/or Share Repurchase
iii. Corporate Actions – Timing and Signalling

E. Financial Risk Management

1. Hedging using Financial Derivatives
2. Futures & Options Analysis
3. Real Options Analysis

F. Corporate Communication Services

1. Investor Relations
2. Shareholder Value Creation