The article compares the liquidity of five major Indian cement companies over a 10-year period. The study found that smaller companies had better liquidity than larger ones. Surprisingly, all companies showed negative growth rates in key liquidity ratios, indicating a weak liquidity position. Some companies had low or negative working capital, suggesting aggressive management policies that could lead to financial risk. However, Shree Cements was identified as having a stronger liquidity position compared to the others.