The purpose of the present study is to explore comparative analysis of working capital management between Lupin limited and Cipla limited. In order to explore the relationship between both companies last five years of data (2019-2023) has been taken from the published financial report of the both companies. The study is based on secondary data. the findings of the study indicates that the working capital status of Lupin limited and Cipla limited is significantly different with respect to current asses and current liabilities