ICRA Limited (ICRA) — Cash Flow Quality Index
ICRA Limited (ICRA) has a Cash Flow Quality Index of 0.86x as of September 2025. Operating cash flow of Rs779.99 Million is below net income of Rs902.47 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore ICRA operating cash flow to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
ICRA Limited Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for ICRA Limited across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check ICRA cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for ICRA Limited (2002–2025)
Year-by-year earnings quality comparison for ICRA Limited. For live market cap and the full company financial profile, see ICRA stock market capitalisation.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.85x | Rs1.45 Billion | Rs1.70 Billion | ▲ +20.3% |
| 2024 | 0.71x | Rs1.07 Billion | Rs1.51 Billion | ▲ +29.3% |
| 2023 | 0.55x | Rs992.58 Million | Rs1.81 Billion | ▼ -14.5% |
| 2022 | 0.64x | Rs973.75 Million | Rs1.52 Billion | ▼ -6.1% |
| 2021 | 0.68x | Rs763.84 Million | Rs1.12 Billion | ▲ +320.6% |
| 2020 | 0.16x | Rs213.19 Million | Rs1.31 Billion | ▼ -69.5% |
| 2019 | 0.53x | Rs808.54 Million | Rs1.52 Billion | ▲ +34.7% |
| 2018 | 0.39x | Rs619.00 Million | Rs1.57 Billion | ▼ -27.9% |
| 2017 | 0.55x | Rs639.53 Million | Rs1.17 Billion | ▼ -9.3% |
| 2016 | 0.60x | Rs711.89 Million | Rs1.18 Billion | ▼ -11.0% |
| 2015 | 0.68x | Rs680.64 Million | Rs1.00 Billion | ▼ -20.4% |
| 2014 | 0.85x | Rs833.78 Million | Rs979.07 Million | ▲ +156.0% |
| 2013 | 0.33x | Rs239.67 Million | Rs720.43 Million | ▼ -32.4% |
| 2012 | 0.49x | Rs389.82 Million | Rs791.72 Million | ▼ -23.4% |
| 2011 | 0.64x | Rs475.41 Million | Rs739.76 Million | ▲ +22.1% |
| 2010 | 0.53x | Rs417.33 Million | Rs792.60 Million | ▼ -22.1% |
| 2009 | 0.68x | Rs384.20 Million | Rs568.12 Million | ▼ -12.8% |
| 2008 | 0.78x | Rs313.29 Million | Rs404.15 Million | ▲ +32.4% |
| 2007 | 0.59x | Rs159.12 Million | Rs271.71 Million | ▲ +25.9% |
| 2006 | 0.47x | Rs92.38 Million | Rs198.57 Million | ▼ -11.7% |
| 2005 | 0.53x | Rs42.66 Million | Rs80.95 Million | ▼ -10.2% |
| 2004 | 0.59x | Rs64.93 Million | Rs110.58 Million | ▲ +7.6% |
| 2003 | 0.55x | Rs52.96 Million | Rs97.05 Million | ▲ +0.9% |
| 2002 | 0.54x | Rs48.45 Million | Rs89.61 Million | — |