ICRA Limited (ICRA) — Free Cash Flow Generation Index
Latest as of September 2025:
0.94x
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). See ICRA working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.94x
Free Cash Flow / Operating CF
Free Cash Flow
Rs730.71 Million
INR
Operating Cash Flow
Rs779.99 Million
INR
Capital Expenditures
Rs49.27 Million
INR
ICRA Limited Free Cash Flow Generation Index (2002–2025)
Historical FCF Generation Index trend for ICRA Limited across 24 annual periods. Explore ICRA Limited cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
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 market value of ICRA Limited.
| 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 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).