The goal of this research is to determine whether WCM influences the financial success of Indian publicly traded enterprises. Accounts Payable and Accounts Receivables, a metric of Working Capital Management and Return on Capital Employed, a measure of financial performance was taken from the annual reports and 14 firms between 2014 and 2023. The obtained data were analyzed by employing both Fixed Effect Model and Random effect Model using panel data estimate strategies. The findings of the research suggest that one of the most important factors that determine the profitability of service-oriented businesses that are publicly traded in India is how well the working capital is managed. Businesses in India should make it a top priority to develop and apply efficient practices for managing their working capital if they want to improve their overall performance. In addition, the management of service firms needs to make certain that the amount of time taken to pay back creditors is increased; doing so would be beneficial for increasing service companies' overall performance.
Dr. Meentu Grover (Fri,) studied this question.