The term working capital refers to short term funds required for financing the duration of the operating cycle in a business often known as “Accounting year”. These funds are used for carrying out the routine or regular business operations consisting of purchase of raw materials, payment of direct and indirect expenses, carrying out of production, investment in stocks and stores and amount to be maintained in the form of cash. It represents funds with which business is carried on. It can also be regarded as that proportion of the company’s total capital, which is employed in short term operations. It is not necessary that the amount is always available in the form of cash. It can take the form of near cash assets or even assets a little further from cash, but yet in the process of moving towards the cash form in a short period. The study of working capital management occupies an important place in financial management. It has never received so much attention as in recent years. Working capital management is an integral part of overall financial management. The sphere of working capital throws a welcome challenge and opportunity to a financial manager. “Working capital management has been looked upon as the driving seat of financial manager.” The management of working capital is synonymous with the management of short term financial liquidity. The importance of short term liquidity can best be gauged by examining the repercussions which stem from a lack of ability to meet short term obligations. After testing every industries liquidity, working capital efficiency level and financial leverage position, their performance has been compared through ratio analysis. There around 19 ratios have compared of every units