Optimizing Working Capital Efficiency in Biocon. Ltd - A Strategic Approach

Sanjeev C.

Abstract: This paper examines the importance of effective working capital management in the context of Biocon Ltd, a leading biopharmaceutical company. Working capital management plays a critical role in the financial health and operational efficiency of organizations, particularly in the dynamic and capital-intensive healthcare industry. The study begins by providing an overview of Biocon Ltd, its business model, and the challenges and opportunities inherent in the biopharmaceutical sector. It then delves into the concept of working capital and its components, including accounts receivable, inventory, and accounts payable. Next, the paper analyzes the significance of efficient working capital management for Biocon Ltd, highlighting the potential benefits such as improved liquidity, reduced financing costs, and enhanced profitability. It explores various strategies and techniques employed by Biocon Ltd to optimize its working capital, including inventory management, credit policies, and supplier relationships.

Keywords: working capital management, Biocon Ltd, financial health, inventory management, profitability

How to Cite?: Sanjeev C., "Optimizing Working Capital Efficiency in Biocon. Ltd - A Strategic Approach", Volume 13 Issue 10, October 2024, International Journal of Science and Research (IJSR), Pages: 552-554, https://www.ijsr.net/getabstract.php?paperid=MR241007190533, DOI: https://dx.doi.org/10.21275/MR241007190533