Varun Beverages Limited (VBL) — Cash Flow Quality Index
Varun Beverages Limited (VBL) has a Cash Flow Quality Index of 0.95x as of December 2025. Operating cash flow of Rs9.44 Billion is below net income of Rs9.93 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore Varun Beverages Limited debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Varun Beverages Limited Cash Flow Quality Index (2012–2025)
Historical Cash Flow Quality Index for Varun Beverages Limited across 12 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Varun Beverages Limited (VBL) cash flow conversion.
Annual Cash Flow Quality Index for Varun Beverages Limited (2012–2025)
Year-by-year earnings quality comparison for Varun Beverages Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.14x | Rs34.48 Billion | Rs30.36 Billion | ▲ +15.3% |
| 2024 | 0.98x | Rs33.81 Billion | Rs34.35 Billion | ▼ -15.3% |
| 2023 | 1.16x | Rs23.91 Billion | Rs20.56 Billion | ▲ +31.5% |
| 2022 | 0.88x | Rs17.90 Billion | Rs20.24 Billion | ▼ -27.7% |
| 2021 | 1.22x | Rs12.31 Billion | Rs10.07 Billion | ▼ -56.2% |
| 2020 | 2.79x | Rs10.12 Billion | Rs3.63 Billion | ▲ +48.0% |
| 2019 | 1.89x | Rs13.05 Billion | Rs6.92 Billion | ▼ -18.7% |
| 2018 | 2.32x | Rs10.00 Billion | Rs4.31 Billion | ▲ +8.6% |
| 2017 | 2.14x | Rs6.19 Billion | Rs2.90 Billion | ▼ -37.5% |
| 2016 | 3.42x | Rs8.30 Billion | Rs2.43 Billion | ▲ +17.5% |
| 2015 | 2.91x | Rs5.55 Billion | Rs1.91 Billion | ▼ -73.9% |
| 2012 | 11.17x | Rs2.80 Billion | Rs251.08 Million | — |