Effective working capital management is integral to our business, especially within the pharmaceutical industry. The present study aims to evaluate the impact of efficient working capital Management on profitability of selected ten pharmaceutical Companies. For this purpose, the researchers’ have focused on top ten Indian pharmaceutical companies. Secondary data were collected from the annual report of the selected companies, covering the fiscal year 2013-14 to 2022-23. The study reveal that Working capital ratio has a negative impact on company’s profitability. It means that excess maintain working capital leads to lower profitability of companies.
Impact Factor
2022: 6.012
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