ICRA Limited (ICRA) — Free Cash Flow Generation Index
ICRA Limited (ICRA) has a Free Cash Flow Generation Index of 0.94x as of September 2025. Free cash flow of Rs730.71 Million represents 1% of operating cash flow (Rs779.99 Million). Read ICRA Limited balance sheet liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
ICRA Limited Free Cash Flow Generation Index (2002–2025)
Historical FCF Generation Index trend for ICRA Limited across 24 annual periods. Explore ICRA Limited capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for ICRA Limited (2002–2025)
Year-by-year Free Cash Flow Generation Index for ICRA Limited. For the full company profile including market capitalisation, see ICRA Limited market cap and net worth.
| Year | FCG Index | Free Cash Flow (INR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.91x | Rs1.32 Billion | Rs1.45 Billion | Rs124.12 Million | ▼ -2.3% |
| 2024 | 0.94x | Rs1.00 Billion | Rs1.07 Billion | Rs68.97 Million | ▲ +3.0% |
| 2023 | 0.91x | Rs901.70 Million | Rs992.58 Million | Rs90.88 Million | ▼ -4.0% |
| 2022 | 0.95x | Rs921.54 Million | Rs973.75 Million | Rs52.22 Million | ▼ -0.8% |
| 2021 | 0.95x | Rs728.71 Million | Rs763.84 Million | Rs35.13 Million | ▲ +17.8% |
| 2020 | 0.81x | Rs172.58 Million | Rs213.19 Million | Rs40.61 Million | ▼ -14.0% |
| 2019 | 0.94x | Rs761.41 Million | Rs808.54 Million | Rs47.13 Million | ▲ +0.1% |
| 2018 | 0.94x | Rs582.32 Million | Rs619.00 Million | Rs36.68 Million | ▲ +3.3% |
| 2017 | 0.91x | Rs582.21 Million | Rs639.53 Million | Rs57.32 Million | ▲ +6.6% |
| 2016 | 0.85x | Rs608.19 Million | Rs711.89 Million | Rs103.70 Million | ▲ +16.1% |
| 2015 | 0.74x | Rs500.65 Million | Rs680.64 Million | Rs179.99 Million | ▲ +32.9% |
| 2014 | 0.55x | Rs461.36 Million | Rs833.78 Million | Rs372.42 Million | ▼ -28.9% |
| 2013 | 0.78x | Rs186.50 Million | Rs239.67 Million | Rs53.16 Million | ▼ -13.1% |
| 2012 | 0.90x | Rs348.94 Million | Rs389.82 Million | Rs40.88 Million | ▼ -0.6% |
| 2011 | 0.90x | Rs428.16 Million | Rs475.41 Million | Rs47.25 Million | ▲ +5.2% |
| 2010 | 0.86x | Rs357.16 Million | Rs417.33 Million | Rs60.18 Million | ▼ -6.3% |
| 2009 | 0.91x | Rs351.00 Million | Rs384.20 Million | Rs33.20 Million | ▲ +7.4% |
| 2008 | 0.85x | Rs266.45 Million | Rs313.29 Million | Rs46.84 Million | ▲ +41.6% |
| 2007 | 0.60x | Rs95.54 Million | Rs159.12 Million | Rs63.57 Million | ▼ -9.2% |
| 2006 | 0.66x | Rs61.07 Million | Rs92.38 Million | Rs31.31 Million | ▲ +236.2% |
| 2005 | -0.49x | Rs-20.71 Million | Rs42.66 Million | Rs63.37 Million | ▼ -142.2% |
| 2004 | 1.15x | Rs74.73 Million | Rs64.93 Million | Rs9.80 Million | ▼ -12.0% |
| 2003 | 1.31x | Rs69.29 Million | Rs52.96 Million | Rs16.33 Million | ▼ -0.6% |
| 2002 | 1.32x | Rs63.74 Million | Rs48.45 Million | Rs15.29 Million | — |