Efficient management of working capital is crucial for a company's success. A study on Indian cement companies found that inventory turnover and cash conversion cycle negatively impact profitability, while accounts receivable period does not. Current ratio has a negative effect on return on assets, but quick ratio predicts it positively. Inventory turnover and cash conversion cycle also negatively affect return on equity. These findings highlight the importance of optimizing working capital for better financial performance in the Indian cement industry.