MRF Limited (MRF) — Cash Flow Quality Index
Latest as of September 2025:
1.82x
MRF Limited (MRF) has a Cash Flow Quality Index of 1.82x as of September 2025. Operating cash flow of Rs18.70 Billion exceeds net income of Rs10.26 Billion, indicating high earnings quality where cash backs reported profits. Explore how well can MRF Limited service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.82x
Operating CF / Net Income
Operating Cash Flow
Rs18.70 Billion
INR
Net Income
Rs10.26 Billion
INR
Data as of
Sep 2025
Most recent filing
MRF Limited Cash Flow Quality Index (2004–2026)
Historical Cash Flow Quality Index for MRF Limited across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see MRF operating cash flow.
Annual Cash Flow Quality Index for MRF Limited (2004–2026)
Year-by-year earnings quality comparison for MRF Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.82x | Rs44.26 Billion | Rs24.26 Billion | ▲ +82.6% |
| 2025 | 1.00x | Rs18.68 Billion | Rs18.69 Billion | ▼ -37.0% |
| 2024 | 1.59x | Rs33.01 Billion | Rs20.81 Billion | ▼ -38.4% |
| 2023 | 2.58x | Rs27.55 Billion | Rs10.70 Billion | ▲ +504.6% |
| 2022 | -0.64x | Rs-5.78 Billion | Rs9.08 Billion | ▼ -125.6% |
| 2021 | 2.49x | Rs43.25 Billion | Rs17.37 Billion | ▲ +57.1% |
| 2020 | 1.58x | Rs22.73 Billion | Rs14.34 Billion | ▲ +109.0% |
| 2019 | 0.76x | Rs12.53 Billion | Rs16.52 Billion | ▼ -48.3% |
| 2018 | 1.47x | Rs24.25 Billion | Rs16.53 Billion | ▲ +58.4% |
| 2017 | 0.93x | Rs19.55 Billion | Rs21.09 Billion | ▼ -16.7% |
| 2016 | 1.11x | Rs27.90 Billion | Rs25.09 Billion | ▼ -11.4% |
| 2014 | 1.25x | Rs16.98 Billion | Rs13.53 Billion | ▲ +8.7% |
| 2013 | 1.15x | Rs14.26 Billion | Rs12.35 Billion | ▼ -5.8% |
| 2012 | 1.23x | Rs10.34 Billion | Rs8.43 Billion | ▲ +173.5% |
| 2011 | 0.45x | Rs2.77 Billion | Rs6.19 Billion | ▲ +52.4% |
| 2010 | 0.29x | Rs1.58 Billion | Rs5.38 Billion | ▼ -86.2% |
| 2009 | 2.14x | Rs8.47 Billion | Rs3.96 Billion | ▲ +66.5% |
| 2008 | 1.28x | Rs2.70 Billion | Rs2.10 Billion | ▲ +8.9% |
| 2007 | 1.18x | Rs3.06 Billion | Rs2.59 Billion | ▼ -73.0% |
| 2006 | 4.36x | Rs2.75 Billion | Rs629.40 Million | ▲ +223.4% |
| 2005 | 1.35x | Rs804.00 Million | Rs595.80 Million | ▼ -61.2% |
| 2004 | 3.48x | Rs1.00 Billion | Rs288.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.