Max India Limited (MAXIND) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.098x

Based on the latest financial reports, Max India Limited (MAXIND) has a cash flow conversion efficiency ratio of -0.098x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs-457.80 Million ≈ $-4.95 Million USD) by net assets (Rs4.67 Billion ≈ $50.52 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See MAXIND defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Max India Limited - Cash Flow Conversion Efficiency Trend (2016–2025)

This chart illustrates how Max India Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Max India Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Max India Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Vaziva Sa PA:ALVAZ	N/A
TMT Steel Public Company Limited BK:TMT	0.160x
RF Acquisition Corp II Ordinary Shares NASDAQ:RFAI	-0.006x
Bundamedik Tbk PT JK:BMHS	0.083x
Global Lithium Resources Ltd AU:GL1	-0.020x
Mevaco S.A AT:MEVA	0.028x
Aifeex Nexus Acquisition Corporation NASDAQ:AIFE	-0.002x
La Kaffa International Co Ltd TWO:2732	0.106x

Annual Cash Flow Conversion Efficiency for Max India Limited (2016–2025)

The table below shows the annual cash flow conversion efficiency of Max India Limited from 2016 to 2025. For the full company profile with market capitalisation and key ratios, see MAXIND market cap.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-03-31	Rs3.59 Billion ≈ $38.79 Million	Rs-1.12 Billion ≈ $-12.06 Million	-0.311x	-49.61%
2024-03-31	Rs4.92 Billion ≈ $53.25 Million	Rs-1.02 Billion ≈ $-11.07 Million	-0.208x	-262.35%
2023-03-31	Rs5.42 Billion ≈ $58.63 Million	Rs694.10 Million ≈ $7.51 Million	0.128x	+22.67%
2022-03-31	Rs6.37 Billion ≈ $68.90 Million	Rs664.96 Million ≈ $7.19 Million	0.104x	-6.18%
2021-03-31	Rs6.53 Billion ≈ $70.64 Million	Rs726.67 Million ≈ $7.86 Million	0.111x	+124.67%
2020-03-31	Rs7.06 Billion ≈ $76.31 Million	Rs349.37 Million ≈ $3.78 Million	0.050x	+2601.93%
2019-03-31	Rs12.83 Billion ≈ $138.74 Million	Rs-25.39 Million ≈ $-274.57K	-0.002x	-109.04%
2018-03-31	Rs14.21 Billion ≈ $153.66 Million	Rs311.08 Million ≈ $3.36 Million	0.022x	-60.78%
2017-03-31	Rs13.94 Billion ≈ $150.77 Million	Rs778.25 Million ≈ $8.42 Million	0.056x	+485.51%
2016-03-31	Rs12.13 Billion ≈ $131.20 Million	Rs-175.66 Million ≈ $-1.90 Million	-0.014x	--

About Max India Limited

NSE:MAXIND India Medical Care Facilities

Market Cap

$91.17 Million

Rs8.43 Billion INR

Market Cap Rank

#19648 Global

#1056 in India

Share Price

Rs160.51

Change (1 day)

+1.19%

52-Week Range

Rs122.85 - Rs224.11

All Time High

Rs329.60