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). Check tangible net worth ratio of Max Financial Services Limited to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see how efficiently does Max Financial Services Limited generate cash.
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. See how much free cash does Max Financial Services Limited generate to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |