MANAGEMENT OF WORKING CAPITAL IN FERTILIZER INDUSTRY (IFFCO)

As a result of development there was a strong demand for fertilizer in India. The Indian fertilizer market is growing steadily by increasing demand for staple food crops like wheat, soybeans, rice and other grains. Due to continuous rise in population and more demand for food grains are boost the growth of the fertilizers market. For fulfilling the needs of farmer a new IFFCO cooperative was created. IFFCO is a leading fertilizer company in India that has been empowering farmers for over 57 years. The company was founded with the goal of providing high quality fertilizers to farmer at the right time and sufficient quantities to increase crop productivity. The objective of this paper is to analysis the management of working capital of Indian farmer’s fertilizers corporative limited (IFFCO). Working Capital management is very important in any industry as it ensure a company has sufficient liquidity to meet short-term financial obligation, take advantage of business opportunities and manage cash flow efficiently. The requirement of the study is to analysis the financial performance of IFFCO at also identify the factors which contribute for success of IFFCO. The study has found that the IFFCO fertilizer industry has been managing its working capital very effectively during the study period.