• DEEPU.S
• RISHIKA.N.K.

Management of working capital is regarded as one of the most essential part of business management. This paper studied the impact of working capital management on the financial health and profitability of Kannur spinning and weaving mill, Mahe and the study period was of 5 years i.e. 2013-2018. A proper working capital management ensures a company with sufficient cash flow in order to meet its short-term debt obligations and operating expenses. An efficient Working Capital Management is expected to contribute to the high financial performance. Various tools such as ratio analysis, statement of changes in working capital and correlations were used for interpretation. The working capital management of the company was found inefficient and needs be improved. Efforts should be taken to increase sales, which will improve profitability as well as turnover ratio of the company. The current ratio and quick ratio of the company did not meet the standard during the five years, so the company’s assets have to be increased. The company should take steps to improve the efficiency of working capital management and the company must reduce its cost of production. There was an increasing trend in current liability, so the management must be cost conscious and should utilize its resources in an efficient manner. The cash balance of the company is required to be improved in order to have immediate liquidity position. The ultimate aim of this paper is to provide some useful strategic recommendations for the managers responsible for the working capital management of this public organization.

Working capital management, Current ratio, Quick ratio, Financial health

"ANALYSIS OF WORKING CAPITAL MANAGEMENT EFFICIENCY OF THE CANNANOR SPINNING AND WEAVING MILL, MAHE – AN ORGANIZATIONAL STUDY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.642-653, June-2019, Available :http://www.jetir.org/papers/JETIR1906S31.pdf

"ANALYSIS OF WORKING CAPITAL MANAGEMENT EFFICIENCY OF THE CANNANOR SPINNING AND WEAVING MILL, MAHE – AN ORGANIZATIONAL STUDY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp642-653, June-2019, Available at : http://www.jetir.org/papers/JETIR1906S31.pdf