PROJECT REPORT ON WORKING CAPITAL MANAGEMENT IN BHARTI AIRTEL LTD

The present paper examines the working capital performance of Bharti Airtel during the period 2007-08 to 2014-15. An attempt has been made to measure the working capital performance with the help of ratio analysis. Statistical as well as econometric techniques are employed in order to assess the behavior of the selected ratios. Quick ratio, inventory turnover ratio, Debtors turnover ratio, gross profit ratio, operating profit ratio showed satisfactory performance and current ratio, of the company were not found to be satisfactory. Except 2012 and 2014, working capital turnover ratio showed negative results. The correlation coefficient between liquidity and profitability of the selected company is observed to be 0.08. Motaals test also indicated significant improvement in liquidity performance during the study period. Finally, there exists significant negative relationship between liquidity and profitability, which indicates that Bharti Airtel has maintained post optimal level of liquidity (i.e., excess liquidity) during the period under study.

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