A cascaded buck converter for receiving input voltage from an input voltage source and for delivering output voltage to a load. The converter includes a first inductor, a second inductor, a coupled inductor having a first winding connected in series with the first inductor and a second winding connected in series with the second inductor, an intermediate decoupling capacitor for receiving energy from the first inductor and the first winding and for supplying energy to the second inductor and the second winding, and an output decoupling capacitor for smoothening the output voltage at the load.