• Dr. Ajeet Singh
• Jyoti Verma

A well-designed and implemented working capital management is expected to contribute positively to the construction of a firm's value. Working capital management involves the relationship between short-term assets of a firm and its short-term liabilities. It is related to short-term finance of business concern, which is a closely related business between profitability and liquidity. Efficient working capital management improves operation of business concern and helps in meeting short-term liquidity. The goal of working capital management is to assure that a firm is able to sustain its operations and has adequate capacity to meet both short-term and upcoming operating expenses.“Working capital” is a financial metric that represents the liquidity available to a business, organization or other entity, including government institutions, inventory, debtors, cash and other existing assets such as loans and advances to third parties. With fixed assets like plants and equipment, working capital is considered to be a part of operating capital. In order to produce up to the given capacity by the firm adequate level of working capital should be maintained and the return on investment in fixed assets should be maximized. Gross working capital is refers to current asset. Net Working capital is calculated as current assets less current liabilities. If the current assets are less than current liabilities, then the entity has a lack of working capital, also called working capital deficit. The lack of working capital is less capacity utilization, less turnover and hence the profit is less. Working capital is more inefficient than the amount required producing up to full capacity, and as a result the profits fall. Working capital Management involves managing inventories, accounts receivable and payable, and cash management of Public Sector Enterprises. The tools used in this study include ratio analysis, trend analysis and percentage method.

Profitability, Liquidity, Current Assets, Working Capital Management, Ratio Analysis, Central Public Sector Enterprises.

"Analyzing and Evaluating the Financial Health of Central Public Sector Enterprises in India through Working Capital Management", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.901-918, June 2019, Available :http://www.jetir.org/papers/JETIR1907B53.pdf

"Analyzing and Evaluating the Financial Health of Central Public Sector Enterprises in India through Working Capital Management", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp901-918, June 2019, Available at : http://www.jetir.org/papers/JETIR1907B53.pdf