Max Financial Services Limited (MFSL) — Free Cash Flow Generation Index
Max Financial Services Limited (MFSL) has a Free Cash Flow Generation Index of 1.08x as of September 2025. Free cash flow of Rs18.19 Billion represents 1% of operating cash flow (Rs16.90 Billion). See Max Financial Services Limited working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Max Financial Services Limited Free Cash Flow Generation Index (2004–2025)
Historical FCF Generation Index trend for Max Financial Services Limited across 22 annual periods. Explore MFSL operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Max Financial Services Limited (2004–2025)
Year-by-year Free Cash Flow Generation Index for Max Financial Services Limited. For the full company profile including market capitalisation, see Max Financial Services Limited (MFSL) total market value.
| Year | FCG Index | Free Cash Flow (INR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.97x | Rs81.34 Billion | Rs83.52 Billion | Rs2.18 Billion | ▲ +1.1% |
| 2024 | 0.96x | Rs58.84 Billion | Rs61.07 Billion | Rs2.23 Billion | ▼ -1.9% |
| 2023 | 0.98x | Rs97.48 Billion | Rs99.22 Billion | Rs1.74 Billion | ▼ -0.3% |
| 2022 | 0.98x | Rs83.68 Billion | Rs84.96 Billion | Rs1.28 Billion | ▼ -0.5% |
| 2021 | 0.99x | Rs85.38 Billion | Rs86.21 Billion | Rs829.39 Million | ▲ +0.4% |
| 2020 | 0.99x | Rs93.40 Billion | Rs94.68 Billion | Rs1.28 Billion | ▼ -0.2% |
| 2019 | 0.99x | Rs87.26 Billion | Rs88.26 Billion | Rs1.00 Billion | ▼ -0.4% |
| 2018 | 0.99x | Rs69.02 Billion | Rs69.51 Billion | Rs491.88 Million | ▲ +1.2% |
| 2017 | 0.98x | Rs41.85 Billion | Rs42.66 Billion | Rs810.69 Million | ▲ +0.4% |
| 2016 | 0.98x | Rs37.13 Billion | Rs38.02 Billion | Rs887.34 Million | ▲ +11.8% |
| 2015 | 0.87x | Rs22.53 Billion | Rs25.79 Billion | Rs3.27 Billion | ▲ +1.7% |
| 2014 | 0.86x | Rs18.71 Billion | Rs21.78 Billion | Rs3.07 Billion | ▼ -0.9% |
| 2013 | 0.87x | Rs16.83 Billion | Rs19.41 Billion | Rs2.59 Billion | ▼ -1.9% |
| 2012 | 0.88x | Rs25.22 Billion | Rs28.54 Billion | Rs3.32 Billion | ▲ +1.3% |
| 2011 | 0.87x | Rs23.40 Billion | Rs26.81 Billion | Rs3.41 Billion | ▼ -5.9% |
| 2010 | 0.93x | Rs22.89 Billion | Rs24.67 Billion | Rs1.77 Billion | ▲ +15.7% |
| 2009 | 0.80x | Rs12.23 Billion | Rs15.24 Billion | Rs3.01 Billion | ▼ -7.3% |
| 2008 | 0.87x | Rs12.12 Billion | Rs14.00 Billion | Rs1.88 Billion | ▲ +36.2% |
| 2007 | 0.64x | Rs4.21 Billion | Rs6.62 Billion | Rs2.41 Billion | ▲ +13.4% |
| 2006 | 0.56x | Rs1.41 Billion | Rs2.52 Billion | Rs1.11 Billion | ▲ +288.9% |
| 2005 | -0.30x | Rs-157.49 Million | Rs530.62 Million | Rs688.10 Million | ▲ +70.7% |
| 2004 | -1.01x | Rs-270.76 Million | Rs267.30 Million | Rs538.06 Million | — |