Essay About Intended Growth Strategy And Working Capital

Working Capital Management in Iocl
The intended growth strategy demands a strong financial position to build and sustain the
growth story. Any company whether industrial or trading requires the current assets for day
to day working of the unit and these current assets are often referred as working capital of the
company and is one of the major contributors in improving profitability of any organisation
and is a vital component of success and survival i.e. both profitability and liquidity for the
organisation.
So looking at the importance of the working capital and working capital management, the
project was aimed to assist the company to analyse its present efficiency in terms of
managing working capital and assessing the future working capital requirement and assisting
to identify the major loopholes in various processes which are having or can have an adverse
effect on the working capital of the company and suggesting some of the important ways to
handle those condition.
The project started with understanding the company process and then reviewing the past
financial performances and working capital efficiency with the help of ratio analysis. The
next step was to see the operating cycles and the process of forecasting working capital and
then finding out the sources the company uses to raise these funds. The project also focuses
on the prevailing policies related to inventory, receivable, cash and payable