Max Financial Services Limited Financial Flexibility Index
Max Financial Services Limited financial flexibility index. Max Financial Services Limited (MFSL) has a Financial Flexibility Index of 0.01x as of September 2025. Free cash flow of Rs18.19 Billion (operating CF Rs16.90 Billion minus capex Rs1.29 Billion) represents 0% of total liabilities (Rs1.90 Trillion). See free cash flow generation of Max Financial Services Limited to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Max Financial Services Limited (2004–2026)
Financial flexibility index of Max Financial Services Limited from 2004 to 2026. Historical Financial Flexibility Index trend for Max Financial Services Limited across 23 annual periods. Check Max Financial Services Limited cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Max Financial Services Limited Financial Flexibility Index by Year (2004–2026)
Max Financial Services Limited financial flexibility index by year from 2004 to 2026. Year-by-year free cash flow to debt coverage for Max Financial Services Limited. For the full cash flow conversion analysis, see MFSL operating cash flow.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.06x | Rs117.17 Billion | Rs114.73 Billion | Rs1.93 Trillion | ▲ +30.4% |
| 2025 | 0.05x | Rs85.70 Billion | Rs83.52 Billion | Rs1.84 Trillion | ▲ +16.8% |
| 2024 | 0.04x | Rs63.30 Billion | Rs61.07 Billion | Rs1.58 Trillion | ▼ -49.4% |
| 2023 | 0.08x | Rs100.96 Billion | Rs99.22 Billion | Rs1.28 Trillion | ▲ +3.7% |
| 2022 | 0.08x | Rs86.24 Billion | Rs84.96 Billion | Rs1.13 Trillion | ▼ -17.3% |
| 2021 | 0.09x | Rs87.04 Billion | Rs86.21 Billion | Rs945.27 Billion | ▼ -31.2% |
| 2020 | 0.13x | Rs95.95 Billion | Rs94.68 Billion | Rs717.07 Billion | ▼ -3.5% |
| 2019 | 0.14x | Rs89.27 Billion | Rs88.26 Billion | Rs643.78 Billion | ▲ +2.8% |
| 2018 | 0.13x | Rs70.00 Billion | Rs69.51 Billion | Rs518.99 Billion | ▲ +35.4% |
| 2017 | 0.10x | Rs43.47 Billion | Rs42.66 Billion | Rs436.56 Billion | ▼ -9.2% |
| 2016 | 0.11x | Rs38.91 Billion | Rs38.02 Billion | Rs354.79 Billion | ▲ +19.2% |
| 2015 | 0.09x | Rs29.06 Billion | Rs25.79 Billion | Rs315.84 Billion | ▼ -6.5% |
| 2014 | 0.10x | Rs24.85 Billion | Rs21.78 Billion | Rs252.47 Billion | ▼ -6.0% |
| 2013 | 0.10x | Rs22.00 Billion | Rs19.41 Billion | Rs210.15 Billion | ▼ -42.7% |
| 2012 | 0.18x | Rs31.85 Billion | Rs28.54 Billion | Rs174.29 Billion | ▼ -9.9% |
| 2011 | 0.20x | Rs30.22 Billion | Rs26.81 Billion | Rs149.02 Billion | ▼ -14.9% |
| 2010 | 0.24x | Rs26.44 Billion | Rs24.67 Billion | Rs111.01 Billion | ▼ -20.5% |
| 2009 | 0.30x | Rs18.25 Billion | Rs15.24 Billion | Rs60.93 Billion | ▼ -15.3% |
| 2008 | 0.35x | Rs15.88 Billion | Rs14.00 Billion | Rs44.92 Billion | ▼ -0.9% |
| 2007 | 0.36x | Rs9.03 Billion | Rs6.62 Billion | Rs25.32 Billion | ▲ +38.8% |
| 2006 | 0.26x | Rs3.62 Billion | Rs2.52 Billion | Rs14.10 Billion | ▲ +110.5% |
| 2005 | 0.12x | Rs1.22 Billion | Rs530.62 Million | Rs9.98 Billion | ▼ -53.6% |
| 2004 | 0.26x | Rs805.36 Million | Rs267.30 Million | Rs3.06 Billion | — |