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Accruals quintile: what it means and how to read it

Groups companies into 5 bands by how much of their profit is backed by cash: 1 is best backed, 5 least.

What is Accruals quintile?

Groups companies into 5 bands by how much of their profit is backed by cash: 1 is best backed, 5 least.

A worked example

A company reporting ₹100 Cr of profit and ₹110 Cr of operating cash sits in band 1. One reporting ₹100 Cr of profit and ₹20 Cr of cash sits in band 5.

Why does Accruals quintile matter?

Profit that isn't turning into cash is a classic early warning.

How do you read Accruals quintile?

1 or 2 is what you want.

Lower is usually better.

What is a typical Accruals quintile in India today?

The median across the 3445 listed companies that report it, as of 12 Oct 2026. Half sit above each figure and half below.

By company size

Median
Large Cap · 66 companies3
Mid Cap · 110 companies3
Small Cap · 3269 companies3

By industry

Median, largest industries first
Pharmaceuticals · 1613
Computers - Software & Consulting · 523
Refineries & Marketing · 82.5
Power Generation · 263.5
Auto Components & Equipments · 993
Heavy Electrical Equipment · 343
Cement & Cement Products · 313
Civil Construction · 833
Aerospace & Defense · 263
Iron & Steel · 123
Compare a company with its own industry before the whole market. Every industry, and each company's rank within it, is in the screener.

A sensible place to start: 1 or 2. Screen 6622 companies on Accruals quintile and every other filter.