Working and fixed capital are necessary financial requirement to run any industrial or service enterprise through their relative share and importance varies according to the nature of the industry. In heavy capital intensive industries like cement fixed capital requirement is much more than working or floating funds. In order to properly understand the working capital needs of cement industry and its management, this study has selected certain companies whose main activity is manufacture of cement. The study reveals that there are wide year to year fluctuations in all component of working capital. These variations have not dependent merely upon economic factors but have been greatly influenced by indifferent management of current assets. It appears from the study that most of the matters have been left to chance. Modern techniques of management which call for detailed evaluation of cost benefit analysis is not often employed in decision-making for various components of working capital.

Dr.Hemant Bhanawat is presently working as Assistant Professor in the Akal College of Economics,Commerce & Management,Eternal University,Himachal Pradesh.He is having Ph.D degree in Commerce with M.Com.in Accounts & Business Statistics, M.Com. in General Commerce & MBA in Finance.He is working in the area of Accounting & Finance from least 5 years.

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