Financial statements are mainly prepared for discussion making. The balance sheet indicates financial performance of the company. Profit and loss account is a statement, which is prepared in a particular year. The study has been undertaken to analyse the financial performance of Asian Paints Limited. It is to understand the capability or profitability, solvency and the financial strength by evaluating financial statement. The financial performance of Asian Paints Limited deals with the secondary data. The financial performance analysis of the company is done for past five years (2015-2020). The suggestion for Asian Paints Limited is that they can retain their profitability position by creating economical employment of their offered resources. Thus the study conclude that the financial position of the Asian Paints Limited has shown better position during the period of study.