ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): Sruthi B, Rashmi R

Email(s): sruthib1996@gmail.com

DOI: 10.52711/2321-5763.2021.00025   

Address: Sruthi B1, Rashmi R2
1Student, Faculty of Management and Commerce, Ramaiah University of Applied Sciences, Bangalore, 560054, India.
2Assistant Professor MBA, Faculty of Management and Commerce, Ramaiah University of Applied Sciences, Bangalore 560054, India.
*Corresponding Author

Published In:   Volume - 12,      Issue - 2,     Year - 2021


ABSTRACT:
Working capital management is important for every organization as it refers to the effective management of current assets and current liabilities. The aim is to make sure that the firm is capable to continue its operations and it has sufficient cash flow to satisfy both maturing short-term debt and upcoming operational expenses. In this paper, an attempt has been made to study the management of working capital in Hindustan Petroleum Corporation Limited, a leading public sector enterprise in India over a period of 10 years (That is from 2009-10 to 2018-19). The paper also attempts to study the components of working capital and analyze the relationship between liquidity and profitability of HPCL. The study is based on secondary data collected from annual report of HPCL for the past 10 years, Pearson correlation and regression model are used for this purpose. From the study it is found that there is a significant relationship between liquidity and profitability.


Cite this article:
Sruthi B, Rashmi R. A Study on Working capital Management in Hindustan Petroleum Corporation Limited. Asian Journal of Management. 2021; 12(2):164-8. doi: 10.52711/2321-5763.2021.00025

Cite(Electronic):
Sruthi B, Rashmi R. A Study on Working capital Management in Hindustan Petroleum Corporation Limited. Asian Journal of Management. 2021; 12(2):164-8. doi: 10.52711/2321-5763.2021.00025   Available on: https://ajmjournal.com/AbstractView.aspx?PID=2021-12-2-12


REFERENCES:
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2.    Dey, S.K. and Sharma, D., 2018. Impact of Working Capital Management Policies on Firms' Earnings and Value: Empirical Evidence from Indian Manufacturing Companies. Siddhant-A Journal of Decision Making, 18(1), pp.80-90.
3.    Impact of Working Capital Management on Profitability-A Case Study of ACC Ltd, Asian Journal of Management, Vol. 3, No. 4, pp. 210-218
4.    Iqbal, A. and Zhuquan, W., 2015. Working capital management and profitability evidence from firms listed on Karachi Stock Exchange. international Journal of Business and Management, 10(2), p.231.
5.    Ahmad, I., 2016. Analysis of Financial Performance of Hindustan Petroleum Corporation Limited. IJRMEC, 6, pp.1-14.
6.    Chandra and Selvaraj A., 2012. Working Capital Management in Selected Indian Steel Companies, Indian Journal of Finance, Vol. 6, No. 11, pp.5-15
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9.    Camerinelli, E., 2010. Trends in cash, liquidity and working capital management automation: The role of Technology. Journal of Corporate Treasury Management, 3(2).
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12.    Orobia, L.A., Padachi, K. and Munene, J.C., 2016. Why some small businesses ignore austere working capital management routines. Journal of Accounting in Emerging Economies.
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