H K Davra & Co. Sustainability of Earnings in Due Diligence: Testing Growth, Margins and Cash for the Future Almost every due diligence, whatever the sector or deal size, eventually arrives at the same question: is this performance sustainable? Investors pay for future cash flows, not past profits. Historica... Due Diligence Financial Due Diligence Sustainable Earnings Valuation 22-Feb-2026
H K Davra & Co. What Due Diligence Reveals Beyond the Report: Controls, Governance and Management Signals A due diligence report is usually read for its numbers: adjusted EBITDA, net debt, working capital and quantified exposures. Yet much of what an investor learns during the process never appears as a f... Corporate Governance Due Diligence Financial Due Diligence Internal Controls 15-Feb-2026
H K Davra & Co. Related Party Transactions in Due Diligence: Arm's Length, Dependency and Standalone EBITDA In many Indian mid-sized companies, the promoter group is woven into daily operations. The factory stands on land owned by a family member, a sister concern buys a large share of output, group staff s... Corporate Governance Due Diligence Financial Due Diligence Related Party Transactions 08-Feb-2026
H K Davra & Co. EBITDA Normalisation in Due Diligence: Key Adjustments, Ind AS 116 and Adjusted EBITDA In most private company transactions the price is expressed as a multiple of EBITDA. That makes every EBITDA adjustment a price negotiation in disguise: at an 8x multiple, an adjustment of ₹50 lakh ch... Due Diligence EBITDA Financial Due Diligence Valuation 01-Feb-2026
H K Davra & Co. Working Capital in Due Diligence: Receivables, Inventory, Payables and Setting the NWC Peg Working capital is where many transaction disputes start. A seller can collect receivables aggressively, run down stock and delay supplier payments in the months before closing, handing over a busines... Due Diligence Financial Due Diligence M&A Working Capital 25-Jan-2026
H K Davra & Co. Cash Flow vs Profit in Due Diligence: EBITDA-to-Cash Bridge, Proof of Cash and Red Flags Profit is an accounting measure built on estimates, accruals and timing choices. Cash is a fact recorded by a bank. When the two tell different stories for more than a year or two, due diligence has t... Cash Flow Corporate Finance Due Diligence Financial Due Diligence 18-Jan-2026
H K Davra & Co. Quality of Earnings (QoE) in Due Diligence: Testing Whether Profits Are Real and Repeatable Two companies can report the same profit of ₹20 crore and deserve very different valuations. In one, the profit comes from long-term customers on recurring contracts and is collected in cash within 60... Corporate Finance Due Diligence Financial Due Diligence Quality of Earnings 11-Jan-2026
H K Davra & Co. Financial Due Diligence in India: Scope, Process and How Findings Change the Deal Price A set of audited financial statements tells an investor what the business reported. It does not tell the investor whether those profits will recur, whether the cash is really there, or which obligatio... Corporate Finance Due Diligence Financial Due Diligence M&A 04-Jan-2026