The study based on different measures, manifests that the overall working capital position of Tata Steel Ltd., the selected company in India is moderate. Though the behavioral patterns of the different indices are the indication of sound working capital management of the company, yet a few suggestions have been offered to improve certain factors like increase in current assets and decrease in current liabilities through maintaining their optimum levels, prompt payment to creditors through the preparation of periodical reports of the payment schedule, maintaining a definite proportion among the various components of working capital on the basis of past experience and strengthening the cash position through reducing the level of investment in Inventory and paying what is outstanding duly.