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 Limited long-term investment allocation to see how much of total assets are deployed in long-term investments.
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 Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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 market cap overview.
| 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 | — |