Max Financial Services Limited (MFSL) — Cash Flow Quality Index
Max Financial Services Limited (MFSL) has a Cash Flow Quality Index of 410.19x as of September 2025. Operating cash flow of Rs16.90 Billion exceeds net income of Rs41.20 Million, indicating high earnings quality where cash backs reported profits. Explore MFSL cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Max Financial Services Limited Cash Flow Quality Index (2006–2026)
Historical Cash Flow Quality Index for Max Financial Services Limited across 17 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Max Financial Services Limited generate cash.
Annual Cash Flow Quality Index for Max Financial Services Limited (2006–2026)
Year-by-year earnings quality comparison for Max Financial Services Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 138.48x | Rs114.73 Billion | Rs828.50 Million | ▲ +442.5% |
| 2025 | 25.52x | Rs83.52 Billion | Rs3.27 Billion | ▲ +73.4% |
| 2024 | 14.72x | Rs61.07 Billion | Rs4.15 Billion | ▼ -21.8% |
| 2023 | 18.82x | Rs99.22 Billion | Rs5.27 Billion | ▼ -13.9% |
| 2022 | 21.86x | Rs84.96 Billion | Rs3.89 Billion | ▲ +50.3% |
| 2021 | 14.54x | Rs86.21 Billion | Rs5.93 Billion | ▼ -32.0% |
| 2020 | 21.40x | Rs94.68 Billion | Rs4.42 Billion | ▲ +16.6% |
| 2019 | 18.36x | Rs88.26 Billion | Rs4.81 Billion | ▲ +42.1% |
| 2018 | 12.92x | Rs69.51 Billion | Rs5.38 Billion | ▲ +112.4% |
| 2017 | 6.08x | Rs42.66 Billion | Rs7.02 Billion | ▼ -25.6% |
| 2016 | 8.18x | Rs38.02 Billion | Rs4.65 Billion | ▲ +62.4% |
| 2015 | 5.03x | Rs25.79 Billion | Rs5.12 Billion | ▼ -36.6% |
| 2014 | 7.93x | Rs21.78 Billion | Rs2.74 Billion | ▲ +305.2% |
| 2013 | 1.96x | Rs19.41 Billion | Rs9.91 Billion | ▼ -83.4% |
| 2012 | 11.80x | Rs28.54 Billion | Rs2.42 Billion | ▼ -86.0% |
| 2011 | 84.44x | Rs26.81 Billion | Rs317.48 Million | ▲ +11143.0% |
| 2006 | 0.75x | Rs2.52 Billion | Rs3.35 Billion | — |