Max Financial Services Limited Free Cash Flow Generation Index
Max Financial Services Limited 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).
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of Max Financial Services Limited (2004–2026)
Free cash flow generation index of Max Financial Services Limited from 2004 to 2026. Historical FCF Generation Index trend for Max Financial Services Limited across 23 annual periods. See MFSL FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Max Financial Services Limited Free Cash Flow Generation Index by Year (2004–2026)
Max Financial Services Limited free cash flow generation index by year from 2004 to 2026. Year-by-year Free Cash Flow Generation Index for Max Financial Services Limited. For the full cash flow conversion analysis, see Max Financial Services Limited operating cash flow efficiency.
| Year | FCG Index | Free Cash Flow (INR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.98x | Rs112.28 Billion | Rs114.73 Billion | Rs2.44 Billion | ▲ +0.5% |
| 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 | — |