VST Industries Limited (VSTIND) — Cash Flow Quality Index
VST Industries Limited (VSTIND) has a Cash Flow Quality Index of 0.60x as of September 2025. Operating cash flow of Rs694.70 Million is below net income of Rs1.15 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore VST Industries Limited 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
VST Industries Limited Cash Flow Quality Index (2005–2026)
Historical Cash Flow Quality Index for VST Industries Limited across 22 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see VST Industries Limited (VSTIND) cash conversion ratio.
Annual Cash Flow Quality Index for VST Industries Limited (2005–2026)
Year-by-year earnings quality comparison for VST Industries Limited.
| Year | Quality Index | Operating CF (INR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 0.79x | Rs2.30 Billion | Rs2.92 Billion | ▲ +18.3% |
| 2025 | 0.67x | Rs1.93 Billion | Rs2.90 Billion | ▲ +20.3% |
| 2024 | 0.55x | Rs1.67 Billion | Rs3.02 Billion | ▲ +30.9% |
| 2023 | 0.42x | Rs1.81 Billion | Rs4.29 Billion | ▼ -34.6% |
| 2022 | 0.65x | Rs2.77 Billion | Rs4.28 Billion | ▼ -5.6% |
| 2021 | 0.69x | Rs2.86 Billion | Rs4.17 Billion | ▼ -13.0% |
| 2020 | 0.79x | Rs3.31 Billion | Rs4.20 Billion | ▼ -4.7% |
| 2019 | 0.83x | Rs2.90 Billion | Rs3.51 Billion | ▼ -45.0% |
| 2018 | 1.50x | Rs4.20 Billion | Rs2.79 Billion | ▲ +159.2% |
| 2017 | 0.58x | Rs1.43 Billion | Rs2.47 Billion | ▼ -0.5% |
| 2016 | 0.58x | Rs1.32 Billion | Rs2.27 Billion | ▲ +13.9% |
| 2015 | 0.51x | Rs1.17 Billion | Rs2.29 Billion | ▼ -11.7% |
| 2014 | 0.58x | Rs1.30 Billion | Rs2.24 Billion | ▼ -9.8% |
| 2013 | 0.64x | Rs1.18 Billion | Rs1.84 Billion | ▼ -10.4% |
| 2012 | 0.72x | Rs1.51 Billion | Rs2.11 Billion | ▲ +14.5% |
| 2011 | 0.63x | Rs847.85 Million | Rs1.35 Billion | ▲ +2.1% |
| 2010 | 0.61x | Rs525.00 Million | Rs854.99 Million | ▲ +145.7% |
| 2009 | 0.25x | Rs216.20 Million | Rs864.98 Million | ▼ -68.4% |
| 2008 | 0.79x | Rs682.76 Million | Rs862.55 Million | ▼ -4.7% |
| 2007 | 0.83x | Rs710.60 Million | Rs855.23 Million | ▲ +40.4% |
| 2006 | 0.59x | Rs677.97 Million | Rs1.15 Billion | ▼ -54.4% |
| 2005 | 1.30x | Rs710.36 Million | Rs547.39 Million | — |