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Business Valuation & Analytics

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    Business Valuation & Analytics

    In our experience, business valuation is not just about arriving at a financial number — it’s about understanding the underlying drivers of value, the risk, growth, and strategy. At Harshul Mangal & Associates, we deliver valuation and analytics services that help you navigate decisions related to M&A, investment, restructuring, internal planning and more. Our goal is to give you insight as well as accuracy.

    Why Harshul Mangal & Associates

    • Strong team combining finance, strategy, and legal knowledge.
    • Experience across sectors and transaction types.
    • Focus on clarity: assumptions and methodologies clearly laid out.
    • Robust models & data-driven analytics.
    • Committed to compliance & defensibility (auditor / investor / legal acceptable).

    What We Value

    We provide business valuation & analytics in the following contexts:
    Mergers, Acquisitions & Divestments

    Valuation as part of buying, selling or merging business units or companies.

    Capital Raising & Investor Negotiations

    Supporting startups, growth companies, private equity / VC in pricing, negotiation and exit strategy.

    Internal Valuations & Board Reporting

    For strategic decision making, performance evaluation, incentive & ESOP planning.

    Restructuring & Reorganisation

    Business splits, carve-outs, spin-offs, joint ventures.

    Sector-specific Analytics

    Healthcare, IT / SaaS, Manufacturing, Real Estate and more. Models tailored to sector trends.

    Scenario & Sensitivity Analysis

    Exploring multiple futures—growth, risk, cost changes—and quantifying impact on valuation.

    Our Approach

    Here’s how Harshul Mangal & Associates delivers business valuation & analytics:

    1. Define Purpose & Scope
      What is the valuation for? (Transaction, internal planning, investor negotiations, reporting etc.). Identify the valuation date, what is included / excluded (e.g. non-operating assets).
    2. Data Collection & Market Research
      Financials (past & projected), market trends, peer data, sector outlook, competitive landscape.
    3. Modelling
      Build financial model(s): revenue / cost / margin projections; capex; working capital; risk adjustments; terminal value. Incorporate multiple scenarios (base, optimistic, pessimistic).
    4. Selection of Method(s)
      Apply the most relevant methods (one or more) and reconcile across them.
    5. Sensitivity & Scenario Analysis
      Test sensitivity of valuation to key assumptions: discount rate, growth rate, margins, market multiples.
    6. Draft Report & Review
      Present draft with clear assumptions, inputs, outputs. Allow for review, queries, adjustments.
    7. Final Report & Advisory Support
      Final valuation report with detailed analytics; use in investor decks, M&A negotiations, reporting etc. Provide support for stakeholder queries.

    Deliverables

    When you engage us for Business Valuation & Analytics, you will receive:
    • Comprehensive valuation report with executive summary
    • Financial projections & models used
    • Scenario & sensitivity analysis reports
    • Comparable company / peer benchmarking data
    • A reconciliation of different valuation approaches used (if multiple)
    • Sector/industry insights & trend-impact discussion
    • Analysis of risk factors & growth drivers
    • Advisory on possible negotiating strategies or deal structure (if part of transaction)

    Key Valuation Methods

    We use industry-standard and legally / regulatorily accepted valuation methods. Some of the commonly used methods include:
    Method When / Why Used Key Features
    Discounted Cash Flow (DCF) For businesses with predictable cash-flows, growth, or those involved in transaction negotiations. Projects future cash flows and discounts them back to present.
    Comparable Company / Market Multiples When there are similar companies (listed or unlisted) to benchmark against. Faster, often acceptable in peer group valuation.
    Net Asset Value (NAV) / Adjusted Book Value For asset-heavy businesses, or where liquidation or asset value matters more than operating profitability. Focuses on underlying asset values rather than earnings.
    Residual Income / Excess Earnings Where business profits and cost of capital drives value over book value. Measures value created over required returns on capital.
    Real Options / Strategic Value Add-ons To account for future flexibility, growth options, or expansion potential not captured in steady-state forecasts. Captures strategic upside beyond base-case valuation.

    We also ensure compliance with Indian laws and accounting standards (e.g. Ind-AS / IFRS) when choosing methods and modelling. Research on Ind AS 113 (Fair Value Measurement) guides fair valuation under Indian standards.

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