Financial Modeling & Valuation (DCF & M&A)
Financial Modeling is the core analytical skill required for Investment Banking, Private Equity, Equity Research, and Corporate FP&A. Learn how to forecast revenue drivers, model debt schedules, and value companies.
🇮🇳 Indian Market Benchmark
Why This Skill Pays Off in 2026
Structured Week-by-Week Learning Syllabus
Focus on build-by-doing milestones rather than passive video lectures.
Phase 1: 3-Statement Financial Modeling
- Income Statement, Balance Sheet, and Cash Flow statement linkages
- Working capital, depreciation schedules, and debt amortization
- Dynamic scenario switches (Best, Base, Worst case)
Phase 2: DCF Valuation & Sensitivity Tables
- Unlevered Free Cash Flows (UFCF) and WACC calculation
- Terminal value (Exit Multiple vs Gordon Growth model)
- Data tables for sensitivity analysis on growth and margins
Phase 3: Trading & Transaction Comparables
- EV/EBITDA, P/E, EV/Sales relative valuation multiples
- M&A accretion/dilution analysis basics
- Creating executive investor pitch books in PowerPoint
Top Interview Questions & Answers
Q1: How does a ₹100 increase in Depreciation affect the 3 financial statements (assuming a 30% tax rate)?
Income Statement: Operating profit drops by ₹100; with 30% tax, Net Income drops by ₹70. Cash Flow Statement: Net Income starts -₹70, add back non-cash Depreciation +₹100, so Cash from Operations increases by +₹30. Balance Sheet: Cash increases by +₹30, PP&E drops by -₹100 (Total Assets down -₹70), Retained Earnings drops by -₹70 (Total Liabilities & Equity down -₹70). Both sides balance.
Frequently Asked Questions
Do I need to be a CA or CFA to do Financial Modeling?
No. Any commerce, engineering, or economics graduate who masters financial statements in Excel can enter FP&A and equity research roles.
Target Job Roles
Financial Analyst (FP&A)
Demand: HighInvestment Banking / Equity Research Analyst
Demand: HighRelated Career Tracks
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