Impact of Working Capital Management on Financial Performance with reference to TNPL Company

This study examines the impact of working capital management on the financial performance of Tamil Nadu Newsprint and Papers Limited (TNPL), a leading paper manufacturing company in India. Using ratio analysis, the study investigates the relationship between working capital management metrics (such as Current Ratio, Quick Ratio, Inventory Turnover Ratio, Debtors Turnover Ratio, and Working Capital Turnover Ratio) and financial performance indicators (such as Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin). The study is based on secondary data collected from TNPL's annual reports over a period of [mention the period]. The findings suggest that [briefly mention the key findings, e.g., "efficient working capital management has a significant positive impact on TNPL's financial performance" or "TNPL's working capital management practices have room for improvement to enhance its financial performance"]. The study's results provide insights for stakeholders to optimize working capital management and improve financial performance in the paper industry.