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 how much of Max Financial Services Limited's assets are long-term investments 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
Max Financial Services Limited Cash Flow Quality Index (2006–2025)
Historical Cash Flow Quality Index for Max Financial Services Limited across 16 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Max Financial Services Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Max Financial Services Limited (2006–2025)
Year-by-year earnings quality comparison for Max Financial Services Limited. For live market cap and the full company financial profile, see Max Financial Services Limited market capitalisation.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 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 | — |