Max Financial Services Limited (MFSL) — Capital Reinvestment Ratio
Max Financial Services Limited (MFSL) has a Capital Reinvestment Ratio of 0.08x as of September 2025, meaning it reinvests 0% of its operating cash flow (Rs16.90 Billion) in capital expenditures (Rs1.29 Billion). See how much free cash does Max Financial Services Limited generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Max Financial Services Limited Capital Reinvestment Ratio (2004–2026)
This chart tracks Max Financial Services Limited's Capital Reinvestment Ratio across 23 annual periods.
Annual Capital Reinvestment Ratio for Max Financial Services Limited (2004–2026)
Year-by-year Capital Reinvestment Ratio for Max Financial Services Limited from 2004 to 2026. For live market cap and broader valuation context, see how much is Max Financial Services Limited worth.
| Year | Reinvestment Ratio | Operating CF (INR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.02x | Rs114.73 Billion | Rs2.44 Billion | ▼ -18.4% |
| 2025 | 0.03x | Rs83.52 Billion | Rs2.18 Billion | ▼ -28.5% |
| 2024 | 0.04x | Rs61.07 Billion | Rs2.23 Billion | ▲ +108.2% |
| 2023 | 0.02x | Rs99.22 Billion | Rs1.74 Billion | ▲ +16.3% |
| 2022 | 0.02x | Rs84.96 Billion | Rs1.28 Billion | ▲ +56.6% |
| 2021 | 0.01x | Rs86.21 Billion | Rs829.39 Million | ▼ -28.7% |
| 2020 | 0.01x | Rs94.68 Billion | Rs1.28 Billion | ▲ +18.6% |
| 2019 | 0.01x | Rs88.26 Billion | Rs1.00 Billion | ▲ +60.8% |
| 2018 | 0.01x | Rs69.51 Billion | Rs491.88 Million | ▼ -62.8% |
| 2017 | 0.02x | Rs42.66 Billion | Rs810.69 Million | ▼ -18.6% |
| 2016 | 0.02x | Rs38.02 Billion | Rs887.34 Million | ▼ -81.6% |
| 2015 | 0.13x | Rs25.79 Billion | Rs3.27 Billion | ▼ -10.3% |
| 2014 | 0.14x | Rs21.78 Billion | Rs3.07 Billion | ▲ +5.8% |
| 2013 | 0.13x | Rs19.41 Billion | Rs2.59 Billion | ▲ +14.7% |
| 2012 | 0.12x | Rs28.54 Billion | Rs3.32 Billion | ▼ -8.6% |
| 2011 | 0.13x | Rs26.81 Billion | Rs3.41 Billion | ▲ +76.8% |
| 2010 | 0.07x | Rs24.67 Billion | Rs1.77 Billion | ▼ -63.6% |
| 2009 | 0.20x | Rs15.24 Billion | Rs3.01 Billion | ▲ +47.1% |
| 2008 | 0.13x | Rs14.00 Billion | Rs1.88 Billion | ▼ -63.1% |
| 2007 | 0.36x | Rs6.62 Billion | Rs2.41 Billion | ▼ -17.1% |
| 2006 | 0.44x | Rs2.52 Billion | Rs1.11 Billion | ▼ -66.1% |
| 2005 | 1.30x | Rs530.62 Million | Rs688.10 Million | ▼ -35.6% |
| 2004 | 2.01x | Rs267.30 Million | Rs538.06 Million | — |