Abstract— Amongall the problems of financial management, the problems of working capitalmanagement have probably been recognized as the most crucial one. It is becauseof the fact that working capital always helps a business concern to gainvitality and life strength. The objective of this study is to evaluate theimportance of working capital management as practiced in the selected firms ofthe Pharmaceutical industry. But the study does not examine the political andeconomic impacts on the working capital management.
Keywords: Working capital management, Liquidity, Efficiency,Investment criteria, Credit worthiness.