The article examines how managing working capital affects the profitability of Indian companies. Data from 263 non-financial firms listed on the Bombay Stock Exchange from 2000 to 2008 was analyzed. The study found that in Indian companies, better working capital management is linked to higher profitability. Specifically, having fewer days of inventory and accounts payable is associated with higher profits, while more days of accounts receivables and a longer cash conversion period also lead to increased profitability. This research sheds light on the relationship between working capital and profitability in India's emerging market.