CKPIM Business Review

9

Authors: Shailendrasinh J. Vaghela, Dr. Manish B. Raval

Cash, being a medium of exchange, is one of the imp ortant components of working capital. In the present research paper, an attempt has been mad e to evaluate the cash management performance of three leading public sector companie s of the 2/3 Wheeler Vehicles segment in the Indian automobile industry, namely Bajaj Auto L td., Hero Motocorp Ltd., and TVS Motor Company Ltd. Cash flow based ratios are emplo yed to evaluate the average cash management performance of the selected companies. A fter applying the tools and techniques, the researchers have found that, Hero Motocorp Ltd. is at the top of the list when it comes to average performance based on cash management, follo wed by Bajaj Auto Ltd. and TVS Motor Company Ltd. Researchers have observed a mix trend in the cash management performance of all the sample companies during the period of the research. TVS Motor Company Ltd. is not at its best, but though not the worst in the performance.