New Delhi, Aug. 14 -- In a market obsessed with growth, cash often gets overlooked. But it's often what separates the strong from the weak.

At last count, over two dozen Nifty 500 companies had more cash on their books than debt, with some sitting on liquidity buffers upwards of Rs.20,000 crore.

That's not just idle capital. For the right companies, it gives them an opportunity to invest, to innovate, to stay relevant without chasing debt-fuelled growth.

FY25 threw plenty of curveballs, such as rising input costs, uneven demand recovery, and geopolitics. Yet, a few large-cap companies not only held their ground but also came out stronger, with cleaner books and tighter execution.

In this editorial, we highlight five such cash-rich sto...