CMA Final Paper 14 (SFM) case studies
CMA Final Paper 14 (SFM) · Put your knowledge to work in context.
Paper 14, Strategic Financial Management (SFM), is the advanced finance paper of the CMA Final level. It is aimed at candidates who have already cleared the intermediate stage and now need to make and defend financial decisions at a board level: setting financial policy, pricing risk, valuing businesses, structuring deals and managing money across borders. The syllabus runs from corporate strategy and risk management through security analysis, portfolio theory, derivatives and securitisation, foreign exchange exposure, international financial management, mergers and acquisitions, startup and private equity finance, and business valuation. Expect a mix of multiple-choice items and long written answers, with scenario-based cases that ask you to compute and then advise. The CMA Final Paper 14 (SFM) case studies are 5 cases and about 5,229 words.
1Buyback, Special Dividend or Debt Prepayment at Suryoday Precision Components
Suryoday Precision Components Ltd machines EV drivetrain housings for two Indian OEMs. FY25 revenue was ₹4,200 crore at a 14% EBITDA margin, with net debt of ₹1,529 crore (2.6x EBITDA) against a cash balance of ₹780 crore.
964 words, about 5 min2Stress-Testing a Microfinance Securitisation and Choosing Between Structures
Pragati Microfinance (AUM ₹3,100 crore) is securitising ₹450 crore of 24-month microfinance receivables. The pool yields 19.5% to the originator on a reducing balance; expected credit loss is 3.0% over the life; servicing is 1.1% a year.
1,059 words, about 5 min3Hedging Policy and the Board's Exchange-Rate View at Sunbeam Apparels
Sunbeam Apparels exports home textiles. FY25 revenue was ₹5,420 crore at an 11% EBITDA margin.
1,078 words, about 5 min4Accretion, Synergy and the Walk-Away Price at Vardhman Speciality Chemicals
Vardhman Speciality Chemicals is acquiring Anmol Organics. Vardhman reports PAT of ₹310 crore on 10 crore shares, trades at a P/E of 22 (₹682 per share).
1,048 words, about 5 min5Series B Term Sheet: ESOP Top-Up, Liquidation Preference and Founder Dilution
Khetify, an agri-tech platform, is raising ₹200 crore in Series B at a pre-money valuation of ₹800 crore. Before the round the cap table is: founders 58%, Series A investor 26%, angels 8%, ESOP pool 8%.
1,080 words, about 5 min