Max Financial Services Limited (MFSL) — Defensive Interval Ratio
Max Financial Services Limited (MFSL) has a Defensive Interval Ratio of 414 days as of September 2025. Defensive assets of Rs5.73 Billion (cash Rs5.70 Billion, short-term investments Rs-, receivables Rs30.60 Million) cover 414 days of daily cash needs of Rs13.86 Million/day. Check MFSL tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Max Financial Services Limited Defensive Interval Ratio (2004–2024)
This chart shows how Max Financial Services Limited's Defensive Interval Ratio has evolved across 21 annual periods from 2004 to 2024. As of September 2025, the ratio stands at 414 days, meaning defensive assets of Rs5.73 Billion can fund 414 days of operations without new revenue. Also explore MFSL net asset momentum to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Max Financial Services Limited (2004–2024)
The table below presents the year-by-year Defensive Interval Ratio for Max Financial Services Limited from 2004 to 2024, covering 21 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see MFSL stock market capitalisation.
| Year | DIR (days) | Defensive Assets (INR) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 1169 days | Rs46.77 Billion | Rs40.01 Million/day | Rs8.50 Billion | Rs17.37 Billion | ▲ +304 days |
| 2023 | 865 days | Rs40.53 Billion | Rs46.84 Million/day | Rs9.87 Billion | Rs14.72 Billion | ▼ -24 days |
| 2022 | 889 days | Rs34.46 Billion | Rs38.76 Million/day | Rs1.95 Billion | Rs18.54 Billion | ▼ 0 days |
| 2021 | 889 days | Rs30.09 Billion | Rs33.84 Million/day | Rs2.10 Billion | Rs16.10 Billion | ▼ -91 days |
| 2020 | 980 days | Rs27.92 Billion | Rs28.48 Million/day | Rs4.12 Billion | Rs9.88 Billion | ▲ +1062 days |
| 2019 | -81 days | Rs-3.06 Billion | Rs37.60 Million/day | Rs3.36 Billion | Rs90.40 Million | ▼ -497 days |
| 2018 | 415 days | Rs71.44 Billion | Rs171.95 Million/day | Rs4.79 Billion | Rs57.33 Billion | ▼ -19 days |
| 2017 | 434 days | Rs61.83 Billion | Rs142.35 Million/day | Rs2.47 Billion | Rs46.83 Billion | ▲ +141 days |
| 2016 | 294 days | Rs35.55 Billion | Rs121.04 Million/day | Rs- | Rs24.07 Billion | ▼ -22 days |
| 2015 | 316 days | Rs39.84 Billion | Rs126.23 Million/day | Rs- | Rs29.06 Billion | ▲ +76 days |
| 2014 | 240 days | Rs30.25 Billion | Rs126.03 Million/day | Rs- | Rs20.28 Billion | ▼ -81 days |
| 2013 | 321 days | Rs32.68 Billion | Rs101.91 Million/day | Rs- | Rs22.15 Billion | ▼ -85 days |
| 2012 | 405 days | Rs30.53 Billion | Rs75.33 Million/day | Rs- | Rs22.87 Billion | ▲ +218 days |
| 2011 | 187 days | Rs8.15 Billion | Rs43.53 Million/day | Rs- | Rs- | ▼ -57 days |
| 2010 | 244 days | Rs6.46 Billion | Rs26.49 Million/day | Rs- | Rs- | ▼ -87 days |
| 2009 | 331 days | Rs6.52 Billion | Rs19.70 Million/day | Rs- | Rs- | ▼ -31 days |
| 2008 | 362 days | Rs6.63 Billion | Rs18.33 Million/day | Rs- | Rs- | ▲ +35 days |
| 2007 | 327 days | Rs3.35 Billion | Rs10.24 Million/day | Rs- | Rs- | ▲ +8 days |
| 2006 | 319 days | Rs2.29 Billion | Rs7.17 Million/day | Rs- | Rs- | ▼ -19 days |
| 2005 | 338 days | Rs1.65 Billion | Rs4.90 Million/day | Rs- | Rs- | ▲ +219 days |
| 2004 | 119 days | Rs496.41 Million | Rs4.18 Million/day | Rs- | Rs- | — |