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www.corporatebridge.

net
BSE Training Institute
(A Division of Bombay Stock Exchange Ltd.)
&
Corporate Bridge Academy (CBA)

Jointly Presents Computer Based Comprehensive


Course On

“EQUITY RESEARCH” &


“INVESTMENT BANKING” Agenda & Modules
Participants will get Joint Participation Module 1 - Mastering Excel
Certificate (BTI – CBA) Module 2 - Financial Statement
Analysis
Module 3 - Macroeconomics
The BSE Training Institute – Corporate Module 4 - Trading Comps
Bridge Academy (CBA) Advantages Module 5 - Transaction Comps
Module 6 - Valuations
Module 7 - M&A
 JOINT PARTICIPATION CERTIFICATE by BSE Training Considerations
Institute & CBA. Module 8 - IPO Analysis
Module 9 - Financial Modeling
 IIT–IIM Faculty from JPMorgan, CLSA India, Goldman
Sachs, CRISIL etc.

 Placement Assistance to the participants by Corporate


Who should attend?
Bridge Academy.
Investment bankers

 Courses grounded in case studies, spread sheets, and Fund managers


real-life examples. Equity analysts
Equity traders
 Highly effective Hands-on intuitive training approach.
Equity sales people
 Skilled instructors with years of directly relevant real- Credit analysts
world Experience. Strategists

 Be trained on powerful inbuilt functions in excel that Treasurers


helps you to save time and work efficiently Executive Level Managers
Students
Course Highlights
Learn professional analysis to evaluate historical and current trends of a
company.
Effectively forecast trends and performance of the firm using analyst’s tool like
horizontal analysis, vertical analysis and ratio analysis.
Insights to various sophisticated fundamental valuation tools as used by buy
side/sell side analyst and investment Bankers with key focus on DCF, SOP,
Equity and EV Multiples.
Learn complex financial modeling by identifying and utilizing key business
drivers and integrating them into a three statement forecasting model.
Learn to efficiently build revenue drivers of a few Sectors.

“ Learning is not compulsory...neither is Survival


W. Edwards Deming

Module 1: Mastering Excel Module 4: Trading Comparables
Excel Basics ( Analyst’s Excel Formulae Gathering information

s
And functions, VLOOKUP, HLOOKUP, Choosing appropriate peer group
CBA Team Members
sddfsds
Dheeraj Vaidya (IITD, IIML)
D. Balasubramaniam (AIM
CHOOSE)
Graphs and Charts (Two-axis graphs,
Band charts – PE, EV/EBITDA, P/Sales,
Ratio charts.
Pivot Table
Calculating equity value and enterprise
Value(EV)
Normalizing earnings
Calculating last twelve months (LTM)

d
Adjusting the enterprise value (EV)
Manila) DATA Tables Calculating fully diluted shares outstanding

s
Gaurav Singh (IITD, IIMC)
Arzi Adbi (IITR, IIMC)
S. Premananda (IITD, IIMC)
Macros

Module 2: Financial Statement Analysis


(options & convertibles)
Equity value multiples: P/E, P/CF, P/BV,
PEG, Dividend Yield

K. Kayideni (IITD, IIMA)

d
Bharat Rathi (IIMI)
Kavish Sarawgi (IIML)
Ratio Analysis – Liquidity Analysis, Common
size statements, Internal liquidity analysis,
Operating / Risk / Growth Analysis, DuPont
d
Calculating various multiples

Module 5: Transaction Comparables


40+ faculties from IIT-IIM (Ex- analysis - Return on equity /, Risk analysis
JP Morgan, Ex-CLSA, Ex-

d
Goldman Sach, Ex- Morgan
Stanley, Ex- CRISIL etc.)
Inventory Valuations
Depreciation Policies
Leases
Capitalization vs. Expensing
f
Gathering information
Choosing appropriate deals
Discuss strategic rationale
Regulatory roadblocks/challenges
Control premiums, synergies

s
Income Taxes Calculating equity value and
enterprise Value(EV)

f Module 3: Macroeconomics
What is Macro-economic?
Normalizing earnings
Calculating last twelve months (LTM)
Checking and interpreting results

d
Other Valuation Approaches
Wealth & Management
Asset based valuation, Sum of parts, ,

s
Gross Domestic Product Replacement cost method,
Macro-economic Management Qualitative factors in valuation -
o Inflation management

s
o Interest Rates
o Commodities

d o Exchange Rate
Impact on Equity Markets
Module 6: Valuations Module 9: Financial Modeling
Discounted Cash Flows Hands-on working along with the
Terminal Value (Exit Value, Perpetuity Instructor
Growth Method) Overview of Financial Modeling
Discount Rate (Cost of Debt, Cost of Equity, Excel Best Practices
CAPM) Modeling Warm Up
Sensitivity Analysis (TABLE Function) Key Financial Statements
Equity value multiples: P/E, P/CF, P/BV, Working Capital Schedule
PEG, Dividend Yield and Other Valuation Depreciation Schedule
Approaches Amortization Schedule
Long Term Items (Others) Schedule
Asset based valuation, Sum of parts,
Building Income Statement
Mergers and acquisitions comparables,
Shareholder’s Equity Schedule
Replacement cost method, Qualitative
Shares Outstanding Schedule
factors in valuation - management quality
Preparing for Debt & Interest
Module 7&8: M&A and IPO Trouble Shooting Advisory Team (CBA)
Cash flow/headroom available for strategic
purposes
Dr. T. R. Madan Mohan
Cash and stock mix for deal financing
Accretion/ dilution analysis
Potential credit rating impact
(Ex Prof. IIM Bangalore &

About BSE Training Institute (BTI) Managing Partner,

A premier facility in financial and capital market training which is popular not Browne & Mohan)
only amongst the whole range of institutions in the Indian Securities Market
but also market participants like Government, external agencies, financial Prof. B. K. Mohanty (IIM
institutions and corporate. BSE Training Institute, which is popularly known
by its acronym BTI has carved out a unique position among the stock Lucknow)
exchanges in the world in respect of knowledge development and
management. It set up an exclusive training facility in 1989, that has now
Prof. A.K. Mishra (IIM
emerged as a leading facility in financial and securities market training in
India. It currently offers over 40 courses with about 200 programmes which
Lucknow)
are attended by over 8500 participants a year. BTI also offers customized
programmes for various leading corporates, financial institutions and
Prof. Pranay K Swain
educational institutions. One of the unique features of BTI is its faculty and
speaker pool – a rich pool of professionals, practitioners and eminent
(IIM Calcutta)
personalities from industry, which mix the theory with practical aspects
giving participants hands on knowledge of the market.
Romil Pant (National
Head, Future Capital
Financial Services)
About Corporate Bridge Academy (CBA)

Corporate Bridge Academy is a global full-service training firm, providing


instructor-led training and e-learning services to professionals from top
investment banks and financial institutions. Our training programs have
attracted working professionals from top notch firms like J.P.Morgan, Citi
group, RBS, LIC, Reliance capital, Nomura, ICICI Securities, HDFC Securities,
CRISIL etc. to name a few. We also conduct in-house training for firms like
CLSA India, JP Morgan, Capvent India etc. Candidates of Corporate Bridge
have been preferred by firms like ICICI Direct, Share Khan, Adventity,
Accenture, CARE Ratings, KR Choksey, SMC etc. for employment. Corporate
Bridge has conducted training programs and seminars at IIM Lucknow, IIM
Indore, IIT Delhi, IIT Kanpur, MDI Gurgaon, FMS Delhi, NITIE, NMIMS, BSE
etc. and many more.
www.corporatebridge.net
Contact Us
Corporate Bridge Academy BSE Training Institute
Mumbai - 318, A Block, Sagar Tech Bombay Stock Exchange Ltd.
Corporate Bridge Plaza, Sakinaka Junction, Andheri P.J.Towers, 18th & 19th Floor
(E) Mumbai. 400072 Dalal Street,Mumbai. 400001

Pune: Hi-Cliff Business Center Atur Telephone


Chambers, 2nd Floor, Opposite SGS 022 22728813,8862,8859,8175
Mall, 2-A Moledina Road, Camp,
Pune 411 001
Email:
Telephone: training@bseindia.com
92222 87738, 92222 87739, www.bseindia.com
92232 33568, 92232 33569,
80800 41415, 80800 41416
022 - 3222 5058/ 5062

Email:
training@corporatebridge.net
www.corporatebridge.net

Testimonials

“Excellent material, content and rigor!



Bimal, ICICI Bank (IIT Delhi, IIM Calcutta)

“You have taken the team to the 'bridge' that they needed to cross and have
showed them how
Souba, Capvent Private Equity India


www.corporatebridge.net
Registration Details
Equity Research &
Investment Banking
Registration No:

Program Duration
3 Months (Weekend Verification by Admissions Team:
Program)

Place Personal Details


Across Cities
Name: Mobile Number
What to Bring
Laptop, Calculator Email: Telephone (off)

Contacts for Registration


Position: Company:
# 92222 87738,
# 92222 87739,
# 92232 33568, Company Address:
# 92232 33569,
# 80800 41415,
# 80800 41416,
# 022 - 3222 5058/ 5062

Email
Payment Mode – Cheque/Draft/Cash
training@corporatebridge.net
Cheque / Draft no. _____________ of Rs. ____________ drawn on

_____________________ dated __________ in favor of “Corporate Bridge


Academy”

www.corporatebridge.net

Disclaimer Policies and Procedures Data Protection


Corporate Bridge Training & BTI Participants, who cancel or don't Corporate Bridge handouts, PPT’s,
reserves the right to alter any part of attend, are liable to pay the full course Tests, Excel Worksheets or any other
the published programme or faculty. fee and no refund will be given. Also, material for training must not be
In the event of course cancellation by the fee cannot be transferred to any duplicated or reproduced in any form.
Corporate Bridge & BTI due to other batch No part may be stored in any retrieval
unforeseen circumstances, Corporate system. It must not be transmitted by
Bridge & BTI limits its liabilities to Smoking, drinking, eating, chewing any means, whether photocopying or
refunding the tuition fee of the course. gum etc. is strictly prohibited inside recording, electronic or mechanical
the campus. The institute reserves the without the prior written permission
Fee includes tuition and right to expel a student on account of of Corporate Bridge Academy. Making
documentation. Delegates are indiscipline or misconduct. copies of any portion for any purpose
responsible for their own flights and other than your own is a violation of
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sent upon receipt of registration form