Tyre industry profitability boosted by effective working capital management strategies.
The article explores how managing working capital affects profitability in the tyre industry. The researchers studied selected companies in India over 8 years, analyzing factors like current ratio and inventory turnover. They found that Balkrishana had the best profitability, Ceat had strong working capital management, and Apollo had issues in this area. These results were determined using financial and statistical tools. The study provides valuable insights into the financial health and efficiency of these companies, which can help improve the performance of the tyre industry.