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on
“Working Capital Management of Rastriya Ispat Nigam Limited-
VSP”
OMDC BSLC
Mandharam Jaggayapet Garbham
Mines a mines mines
Dolomite Limestone Manganese
Product Mix
3 Rebars 8 - 36 Construction
Source of Data:
16000
14000
12000
In Crores
10000
8000
6000
4000
2000
0
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Current Asset 8492.11 9977.75 8400.66 7256.99 5772.43 6776.88 7832.38
Current Liabilities 7221.61 10184.67 10208.56 13107.61 11093.53 13400.2 16836.82
Current Ratio = Current Asset
Current Liability
Current Asset & Inventory
12000
10000
8000
In Crores
6000
4000
2000
0
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Current Asset 8492.11 9977.75 8400.66 7256.99 5772.43 6776.88 7832.38
Inventory 3403.11 3828.6 3863.04 5179.51 3810.6 4766.85 5628.67
Working Capital= Current asset – Current liability
SALES
20000
15000
10000
5000
0
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
-5000
-10000
-15000
14000 35
12000 30
10000 25
8000 20
6000 15
4000 10
2000 5
0 0
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
4.5
3.5
2.5
Inventory Turnover Ratio
2
1.5
0.5
0
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Quantitative Analysis
1. T test on average collection period to find out its affect on working capital.
2. T test on average payment period to find out its affect on working capital.
4. Paired t test
•H0 = Working capital improves if there is large positive difference.
•H1 = Not H0.
Result of Testing
• https://www.researchgate.net/publication/254093175_Effect_of_Working_
Capital_Manageent_on_Firm_ProfitabilityEmpirical_Evidence_from_India
• https://su-plus.strathmore.edu/handle/11071/3382
• https://www.academia.edu/31439903/Analysis_of_Effects_of_Working_
Capital_Management_on_Profitability_of_Manufacturing_Companies_A_
Case_Study_of_Listed_Manufacturing_Companies_on_Nairobi_Security_
Exchange
• https://www.worldsteel.org/
• https://www.ibef.org
• www.Vizagsteel.com
• https://dipam.gov.in/sites/default/files/RINL%20Presentation.pdf?downlo
ad=1
• http://www.greenbusinesscentre.com/energyawards/enepresent/Metals_
489_Rashtriya_Ispat_Nigam_Ltd._0.pdf
• Class notes.