PosiFunda
PositoAI's own ratios and the standard fundamentals, explained in plain words. Search for any company above and open its Funda tab to see its own figures, each compared with similar companies.
PosiFunda Ratios Only on PositoAI
Eleven ratios built by PositoAI from each company's last 4 yearly results (a 3-year window), shown first on every company's Funda tab with "What stands out" and "Where 100 of sales goes". Every card compares the company with similar companies and says plainly when a figure is missing (Data incomplete), when it does not fit (Not applicable for banks) or when it is not meaningful (for example Loss-making or profit too small).
Profit Cash Ratio
What it shows: Whether reported profit is backed by real cash.
How: Operating cash flow ÷ reported profit, both added up over the last 3 years, × 100. Above 100 means more cash came in than the profit shown; below 100 means less.
Example: Reliance Industries: ₹241 of operating cash for every ₹100 of profit over 3 years (large depreciation, a non-cash cost, lowers profit but not cash). ITC: ₹70.
Limits: Not shown for banks. When 3-year profit is a loss or under 2% of sales, the ratio is not meaningful and the card says so.
Self-Funding Ratio
What it shows: Whether the company can pay for its own investment spending.
How: Operating cash flow ÷ capital expenditure (capex), both over the last 3 years. 1× means its own cash exactly paid for its investment spending.
Example: TCS: 13.5×, its own cash covered capex many times over. Mold-Tek Packaging: 0.75×, own cash paid for three quarters of a period of heavy investment.
Limits: Not shown for banks. Shown as 100×+ when capex is very small.
Cash Locked Ratio
What it shows: How much money is tied up in day-to-day operations.
How: (Money owed by customers + stock − money owed to suppliers) ÷ sales × 100, latest year compared with 3 years earlier. A negative figure means suppliers' credit is larger than money owed by customers plus stock.
Example: ITC: ₹12.9 per ₹100 of sales three years earlier, ₹19.9 in the latest year, mainly more stock.
Limits: Not shown for banks. Needs receivables, inventory and payables; if any is missing, the card shows Data incomplete.
Steadiness Ratio
What it shows: How regularly the business grew.
How: In how many of the last 3 years sales grew, and in how many profit grew, each compared with the year before. Shown as sales / profit, for example 3/3 · 2/3.
Example: TCS: 3/3 · 3/3, sales and profit grew every year. Apple: 2/3 · 1/3.
Limits: One-time gains or losses in a year count as reported, so a single unusual year can lower the count.
Growth Efficiency Ratio
What it shows: Whether extra sales brought extra profit.
How: Change in net profit ÷ change in sales over 3 years × 100: of every extra 100 of sales, how much became extra profit.
Example: Apple: $56 of extra profit per $100 of extra sales. Reliance Industries: ₹8.
Limits: Shown only when sales grew at least 5% in 3 years. Otherwise the card says Sales barely changed, or Sales fell with the size of the fall.
Asset Productivity Ratio
What it shows: Whether the company is getting more sales from what it owns.
How: Sales growth compared with total assets growth over the same 3 years.
Example: Mold-Tek Packaging: sales +21%, assets +52%, so assets grew faster than sales during a period of new capacity.
Limits: Large acquisitions or new plants not yet running at full capacity can make assets grow faster than sales for a while.
Debt Due Cover Ratio
What it shows: Whether yearly cash can meet debt that falls due soon.
How: Latest yearly operating cash flow ÷ debt due within one year (latest yearly balance sheet).
Example: TCS: 28.5×. Mold-Tek Packaging: 0.9×, yearly cash a little below debt due within the year.
Limits: Not shown for banks. Shows No debt due when nothing falls due within a year.
Cash Cushion Ratio
What it shows: Net cash or net debt, compared with the company's market value.
How: (Cash − total debt) ÷ market value × 100. Positive means net cash; negative means net debt. Beyond 100% it is said in times.
Example: ITC: net cash equal to about 6% of its market value. Ford: net debt about 2.6 times its market value, mostly from its car-loan business.
Limits: Not shown for banks. Shown only when results and share price are in the same currency.
Tangible Assets Ratio
What it shows: How much of what the company owns is physical or financial, rather than goodwill and intangibles.
How: (Total assets − goodwill and intangibles) ÷ total assets × 100.
Example: Reliance Industries: 81%.
Limits: Needs goodwill and intangibles in the results; if missing, the card shows Data incomplete.
Tangible Net Worth Ratio
What it shows: How much of the owners' net worth is tangible. Tangible net worth is a term lenders use.
How: (Net worth − goodwill and intangibles) ÷ net worth × 100. Shown as Negative when goodwill and intangibles are larger than net worth.
Example: Reliance Industries: 54%. HDFC Bank: 64%, after goodwill from its 2023 merger with HDFC Ltd.
Limits: Goodwill can be written down suddenly after a disappointing acquisition; tangible net worth is harder to lose that way.
Examples use each company's yearly results available in October 2026; the live figures on each Funda tab update as new results arrive.
Standard fundamentals: what each figure means
P/E ratio
How much investors pay for every 1 unit of a company's yearly profit. A higher P/E means investors pay more for each unit of profit. A loss-making company has no meaningful P/E.
P/B ratio
The share price compared with the company's book value per share (what the shareholders' part is worth on paper). A higher P/B means the market values the company well above its book value. When book value is negative, P/B is not meaningful.
Return on equity (ROE)
How much profit the company made on its shareholders' money over a year, as a percentage. A higher ROE means more profit for each unit of shareholders' money.
Owes vs Owns
Everything the company owes, compared with everything it owns, from its latest balance sheet, for example "₹0.41 owed for every ₹1 it owns". Below 1× it owns more than it owes; above 1× it owes more than it owns. Bands: below 0.50× low, 0.50–0.80× moderate, 0.80–1.00× high, above 1.00× owes more than it owns. Banks and lenders usually show higher figures, because customer deposits count as what they owe.
Dividend yield
The dividends a company pays in a year, as a percentage of its share price.
Revenue growth
How much the company's sales changed over the last year, and on average each year over 3 years.
Profit growth
How much net profit changed over the last year, and on average each year over 3 years. When a company moves between profit and loss, this is described in words instead.
Profit margin
How much of every 100 units of revenue the company keeps as net profit.
Cash quality
Cash from the company's business compared with the profit it reported. Around 1× or more means the reported profit turned into real cash. Not shown for banks and lenders.
Interest cover
How many times operating profit covers the interest the company pays on its debt. A higher number means interest is easier to pay. Not shown for banks and lenders.
Cash vs debt
Whether the company holds more cash than debt (net cash) or more debt than cash (net debt).
How PosiFunda compares companies
- Similar companies: each figure is compared with companies in the same sector and country, for example "higher than 65% of IT companies in India". When a sector is small, the comparison is with all companies in that country.
- Plain, neutral words: PosiFunda says whether a figure is higher or lower than most, and whether it rose or fell. It does not call a company good or bad, cheap or expensive.
- Updated regularly: figures come from each company's latest results and are refreshed as new results arrive.
- Missing data is never counted as zero: if a figure a ratio needs is not available, the card shows Data incomplete.
- Separate from the scores: PosiFunda explains figures; it is not the Positivity Score or PosiPenta. See PosiPenta and PosiFlag for those.
Questions
What are PosiFunda Ratios?
Eleven ratios built by PositoAI from each company's last 4 yearly results: Profit Cash, Self-Funding, Cash Locked, Steadiness, Growth Efficiency, Asset Productivity, Debt Due Cover, Cash Cushion, Tangible Assets, Tangible Net Worth and Shareholder Slice. They are shown first on every company's Funda tab, each compared with similar companies.
Are PosiFunda Ratios part of the Positivity Score?
No. They are display figures that explain a company's results; they are not used in the Positivity Score or PosiPenta.
What is PosiFunda?
PosiFunda explains a company's fundamentals in plain words on its Funda tab: P/E, P/B, market cap, net worth, book value per share, return on equity, Owes vs Owns, dividend yield, revenue and profit growth, profit margin, cash quality, interest cover and cash versus debt, each compared with similar companies.
Where do I find PosiFunda for a company?
Open any company page on PositoAI and tap the Funda tab, or follow "What these numbers mean" under the Fundamentals card on the Overview.
What does Owes vs Owns mean?
It compares everything a company owes with everything it owns, from its latest balance sheet. Below 1x the company owns more than it owes; above 1x it owes more than it owns.
Does PosiFunda say whether to buy a stock?
No. PosiFunda only explains figures and compares them with similar companies. PositoAI is for research and education only and is not investment advice.
PositoAI is for research and education only and is not investment advice.