Working Capital Management Project

11543 Words47 Pages
Working capital management
Abstract
The Project Report is a summary of Study of some of the elements of Working Capital Management at the Heavy Engineering Division of Larsen & Toubro Limited (L&T, HED). The various aspects of these working capital elements have been studied. The Study of working capital management involved understanding of receivables, payables and to an extent inventory management. After a brief introduction to the nature of Business activity of Larsen & Toubro and its Business Division - Heavy Engineering Division, the report comprises a detailed comparison of Heavy Engineering Division's performance with its Indian and Foreign Competitors. The comparison is based on profitability, productivity and working
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It is not possible to get divisional reports of organizations such as BHEL, Godrej & Boyce etc. This makes the ratio analysis somewhat inaccurate. However, it is a good indication of the performance of the company.
About Larsen & Toubro Limited
Larsen & Toubro Limited (L&T) is a technology-driven Engineering and Construction organization and one of the largest companies in India's private sector. It has additional interests in Information Technology and Services. L&T was founded by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro, in 1938. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments of increasing sophistication. It now has a major presence in key sectors of the economy. A strong, customer-focused approach and the constant quest for top-class quality has enabled the Company to attain and sustain leadership in its major lines of business across seven decades. With factories and offices located around the country, further supplemented by a comprehensive marketing and distribution network, L&T enjoys an image and equity in virtually every district of India.
With revenues to the tune of more than Rs. 18,000 crores reported for the financial year ending March 2007 and employee strength of over 20,000, Larsen &

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