Financial performance is regarded as the life blood of a business enterprise. In the modern economy, finance is one of the basic foundations for all kind of economic activities. Financial performance of the company is prepared primarily for decision-making. They play a vital role in setting a framework and managerial conclusions, that can be drawn from the Financial Statements. The project is entitled as ‘A Study on Financial Performance of Ashok Leyland Limited “and it shows overall financial performance of the company. The Financial statements of ASHOK LEYLAND LIMITED has been collected from the period of five years from 2015-2016 to 2019-2020. It shows the Ratio analysis is used to know the financial performance of the company. And its result shows that the financial performance of ASHOK LEYLAND LIMITED has been improved within the duration of five years.