Indian Railway Finance Corporation Limited (IRFC) — Cash Flow Quality Index
Indian Railway Finance Corporation Limited (IRFC) has a Cash Flow Quality Index of -7.78x as of December 2025. Operating cash flow of Rs-140.13 Billion is below net income of Rs18.02 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Indian Railway Finance Corporation Limit cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Indian Railway Finance Corporation Limited Cash Flow Quality Index (2013–2025)
Historical Cash Flow Quality Index for Indian Railway Finance Corporation Limited across 13 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Indian Railway Finance Corporation Limit cash flow conversion.
Annual Cash Flow Quality Index for Indian Railway Finance Corporation Limited (2013–2025)
Year-by-year earnings quality comparison for Indian Railway Finance Corporation Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.27x | Rs82.30 Billion | Rs65.02 Billion | ▲ +2.5% |
| 2024 | 1.23x | Rs79.14 Billion | Rs64.12 Billion | ▲ +127.4% |
| 2023 | -4.51x | Rs-285.84 Billion | Rs63.37 Billion | ▲ +57.4% |
| 2022 | -10.58x | Rs-644.12 Billion | Rs60.90 Billion | ▲ +48.0% |
| 2021 | -20.36x | Rs-899.07 Billion | Rs44.16 Billion | ▼ -3.6% |
| 2020 | -19.65x | Rs-627.18 Billion | Rs31.92 Billion | ▼ -29.7% |
| 2019 | -15.15x | Rs-417.48 Billion | Rs27.55 Billion | ▼ -36.6% |
| 2018 | -11.09x | Rs-280.76 Billion | Rs25.32 Billion | ▲ +47.6% |
| 2017 | -21.16x | Rs-194.93 Billion | Rs9.21 Billion | ▼ -9.7% |
| 2016 | -19.30x | Rs-163.77 Billion | Rs8.49 Billion | ▼ -1032.6% |
| 2015 | -1.70x | Rs-12.92 Billion | Rs7.58 Billion | ▲ +88.6% |
| 2014 | -14.96x | Rs-104.82 Billion | Rs7.01 Billion | ▲ +6.1% |
| 2013 | -15.94x | Rs-83.12 Billion | Rs5.22 Billion | — |