The Present study is based on secondary data, which have been collected from annual reports of ITC Company for the period of 2011-12 to 2015-16. The main objective of this study is to examine the Impact of working Capital Management on Profitability with special reference to ITC Company in India. In this study, we use Dependent and Independent variables to achieve the objective of our study. In Dependent variable, we use Return on capital employed (ROCE) to measure the profitability of a

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... and in the Independent variable, we use Inventory Turnover Ratio (ITO), Current Ratio (CR), and Working Capital Turnover Ratio (WTO) as working capital management criteria. The statistical tools like Descriptive Statistics, Correlation Analysis, and Regression Analysis has been used for the analysis of collected data. In Correlation analysis the result shows that ROCE has a positive relationship with WTO and negative relationship with ITO and CR. In Regression Analysis, there is no significant impact of ITO, CR, and WTO on ROCE because p-value is more than 0.05, which mean null hypothesis is accepted. In addition, the adjusted r square (r 2 ) shows that the above-mentioned independent variables affect the dependent variable by 38 percent (38%).