Azad Engineering Limited (AZAD) — Cash Flow Quality Index
Azad Engineering Limited (AZAD) has a Cash Flow Quality Index of -1.22x as of September 2025. Operating cash flow of Rs-758.90 Million is below net income of Rs623.79 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore AZAD operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Azad Engineering Limited Cash Flow Quality Index (2021–2026)
Historical Cash Flow Quality Index for Azad Engineering Limited across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash flow conversion of Azad Engineering Limited.
Annual Cash Flow Quality Index for Azad Engineering Limited (2021–2026)
Year-by-year earnings quality comparison for Azad Engineering Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | -0.64x | Rs-1.19 Billion | Rs1.87 Billion | ▼ -203.3% |
| 2025 | 0.61x | Rs536.67 Million | Rs873.18 Million | ▲ +814.5% |
| 2024 | -0.09x | Rs-69.49 Million | Rs807.86 Million | ▲ +92.9% |
| 2023 | -1.20x | Rs-102.09 Million | Rs84.73 Million | ▼ -269.5% |
| 2022 | 0.71x | Rs209.39 Million | Rs294.57 Million | ▲ +1509.2% |
| 2021 | 0.04x | Rs5.08 Million | Rs115.00 Million | — |