Varun Beverages Limited (VBL) — Financial Flexibility Index

Latest as of December 2025: 0.35x

Varun Beverages Limited (VBL) has a Financial Flexibility Index of 0.35x as of December 2025. Free cash flow of Rs20.56 Billion (operating CF Rs9.44 Billion minus capex Rs11.12 Billion) represents 0% of total liabilities (Rs58.24 Billion). Check VBL cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.35x
Free Cash Flow / Total Liabilities

Free Cash Flow

Rs20.56 Billion
Operating CF − Capex

Total Liabilities

Rs58.24 Billion
INR

Capital Expenditures

Rs11.12 Billion
INR

Varun Beverages Limited Financial Flexibility Index (2012–2025)

Historical Financial Flexibility Index trend for Varun Beverages Limited across 14 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Varun Beverages Limited.

Annual Financial Flexibility Index for Varun Beverages Limited (2012–2025)

Year-by-year free cash flow to debt coverage for Varun Beverages Limited. Explore Varun Beverages Limited (VBL) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (INR) Operating CF Total Liabilities YoY Change
2025 1.06x Rs61.87 Billion Rs34.48 Billion Rs58.24 Billion ▼ -5.0%
2024 1.12x Rs71.60 Billion Rs33.81 Billion Rs64.04 Billion ▲ +60.2%
2023 0.70x Rs56.55 Billion Rs23.91 Billion Rs81.02 Billion ▲ +24.4%
2022 0.56x Rs35.91 Billion Rs17.90 Billion Rs64.03 Billion ▲ +39.0%
2021 0.40x Rs21.74 Billion Rs12.31 Billion Rs53.85 Billion ▲ +25.1%
2020 0.32x Rs15.72 Billion Rs10.12 Billion Rs48.70 Billion ▼ -21.2%
2019 0.41x Rs20.59 Billion Rs13.05 Billion Rs50.29 Billion ▼ -11.3%
2018 0.46x Rs18.58 Billion Rs10.00 Billion Rs40.25 Billion ▲ +7.2%
2017 0.43x Rs15.14 Billion Rs6.19 Billion Rs35.16 Billion ▼ -12.5%
2016 0.49x Rs16.42 Billion Rs8.30 Billion Rs33.35 Billion ▲ +184.8%
2015 0.17x Rs8.24 Billion Rs5.55 Billion Rs47.64 Billion ▼ -21.5%
2014 0.22x Rs6.51 Billion Rs4.31 Billion Rs29.52 Billion ▼ -16.6%
2013 0.26x Rs7.33 Billion Rs2.97 Billion Rs27.74 Billion ▼ -10.8%
2012 0.30x Rs7.06 Billion Rs2.80 Billion Rs23.83 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities