16 Nov 2025 | 5 Mins Read
Cash reigns supreme amidst accounting uncertainty
Flipitmoney
Indian companies accessing public markets show improved accounting quality, with a 61% decrease in median net debt-to-equity ratio between FY15 and FY24, turning negative for BSE500 companies. However, rising concerns are around reported profits, with 65% median cash conversion in recent IPOs, and transparency issues persisting around related-party dealings.