This study examines the financial health and stability of Visaka Industries Limited over recent fiscal years. The analysis focuses on key financial indicators including profitability, liquidity, solvency, and operational efficiency. Findings reveal a significant decline in net profit and operating margins, indicating reduced profitability. Liquidity has weakened with a fall in the current ratio and longer inventory turnover cycles, suggesting challenges in managing short-term obligations. The company’s debt levels have increased, raising concerns over solvency and financial risk. Operational efficiency also declined, reflected in slower receivables collection and a reduced interest coverage ratio. Overall, the study highlights financial stress and suggests the need for strategic interventions to restore stability and promote sustainable growth