Step 1 of 3
A company reports ₹100 crore of EBITDA.
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CASH CONVERSION (CFO ÷ EBITDA)100%
The story behind the numbers
Deals, turnarounds, IPOs and the cash behind reported profits. Written by a Chartered Accountant who works on fundraising and listings.
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Where the cash went. Cash conversion, debt and lender tests, explained with Indian companies and numbers in context.
→What the buyer really paid. How acquisitions are priced and paid for, and who ends up in control, told through real Indian deals.
→Two rivals. One scoreboard. Head-to-head comparisons of competing companies and what each rupee of revenue or profit really buys.
→How an issue really works. How Indian IPOs are priced, subscribed and listed, and what the numbers say about demand.
→How empires are built, and how they fall. Stories of businesses that rose fast and what the balance sheet said along the way.
→Money, people and incentives. Standalone essays and founder profiles that sit outside the main series.
→Coming soonRead the order, not the headline. Regulatory orders and enforcement cases, decoded for investors.
→Three free tools built from the articles. Type your numbers, see the answer instantly.
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