Abstract:   Working capital is the money a business has on hand, like cash, marketable securities, inventories, and receivables. Better payables and fewer inventories and receivables give businesses a competitive edge. This is because they manage their working capital well. It is hard to optimize when many companies don't have a common strategy for managing their working capital. This essay talks about how important it is for businesses to manage their working capital well and how it affects their overall financial performance.  The Altman Z-Score test is a statistical method that looks at a company's financial data to see how likely it is to go bankrupt. This statistical method is used to observe the company's financial health and the risk of bankruptcy. The study's goal is to give a full picture of Kamdhenu Group's working capital management and what it means for long-term financial stability by using both ratio analysis and Z-Score interpretation.