Financial performance analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing the relationship between the items of balance sheet and profit and loss account. It also helps in short-term and long term forecasting and growth can be identified with the help of financial performance analysis. The dictionary meaning of ‘analysis’ is to resolve or separate a thing in to its element or components parts for tracing their relation to the things as whole and to each other. The analysis of financial statement is a process of evaluating the relationship between the component parts of financial statement to obtain a better understanding of the firm’s position and performance. This analysis can be undertaken by management of the firm or by parties outside the namely, owners, creditors, investors. Financial ce changes in the market. CPCL is the one of the largest producer of oil and natural gas in India. It owns and operates over 11,000 kilometers of pipelines in India. The need for the study is to know the performance, liquidity and profitability of CPCL. The scope of the study is to give prompt solutions to increase the performance and to have future growth in order to achieve desired objectives of CPCL.