Published Paper Details:

Working capital plays the same role in a business concern as the role of the heart in a human body. If it is carried out effectively, efficiently and consistently, that will assure the financial health of an organization. In this study, the data of five top companies which is taken in Indian Retail Industries between the years 2014-2019, has been used. Return on Assets (ROA) has been used as indicators of company�s profitability and account receivable days, account payables days and inventory turnover days have been used as independent variables. Multiple regression, correlation methods, t-test and Altman Z score model have been used in empirical analysis. The result of analysis indicates that the ROA has positive significant relationship with ARD and negative significant with APD while ROA has negative insignificant relationship with ITD. The present study explores the impact of working capital management on the profitability of Indian Retail industry and its analysis the financial health during the study period. The study brings out a meaningful conclusion based on the findings of the study.