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@article{185714,
        author = {K.RAMASAMY and Dr.S.M.Venkatachalam},
        title = {IMPACT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY OF CIPLA AND AUROBINDO PHARMA},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {5},
        pages = {2594-2599},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=185714},
        abstract = {The Indian pharmaceutical business is quickly expanding in terms of output, value, quantity, and units, and there are two key factors that seem to support the Indian economy's overall development narrative. Second, there has been a significant shift in India's fundamental pharmaceutical business system. This research was carried out in order to assess the pharmaceutical sector in India. Working capital management is the single most important component in ensuring a company's existence, liquidity, solvency, and profitability. Furthermore, effective working capital management adds to the value of a company. Every segment of the economy's profitability and efficiency has a direct impact on the economy's prosperity, which may be attained largely via effective working capital management methods. It aids in the creation of a framework for smoothing out a company's financial limits in order to maximise its resources. With the importance of working capital management in mind, an investigation on its influence on the profitability of the Indian pharmaceutical business has been undertaken. This research focuses on analysing the profitability of chosen Indian pharmaceutical firms and examining the relationship between pharmaceutical companies for different profitability criteria. For this, two pharma companies have been taken in this research like Cipla limited and Aurobindo Pharma limited. The study has taken for 10 years from 2013-2014 to 2022-2023. The results showed that the inventory turnover ratio and debtors turnover ratio in case of Cipla limited and no variables in case of Aurobindo Pharma limited are having positive significant relationship with the profitability of the respected companies.},
        keywords = {Pharmaceutical industry, impact of working capital management, profitability, return on capital employed, working capital.},
        month = {October},
        }