Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.Valuation Advisory
Umakanta Panigrahi, Managing Director in Duff & Phelps India office has been featured in Forbes India on “Enterprise value of firms under insolvency.” The article is particularly relevant given in context of the recent Insolvency and Bankruptcy Code adopted in India. Distressed companies typically have a very volatile past, which makes projecting future cash flows quite challenging. Valuation in general is a combination of science and art, more so in the case of distressed companies. Hence, it is paramount that the right mix of framework, methodology and assumption is considered to arrive at the appropriate valuation, which balances the theoretical and practical aspects. Umakanta provides a broader insight on the various methodologies and approaches used to calculate enterprise value of a firm under insolvency, and shares key points to keep in mind while calculating the discount rate.
Read the full article here.