Financial analysis involves the selection, evaluation, and interpretation of financial data and other pertinent information to assist in evaluating the operating performance and financial condition of a company. The operating performance of a company is a measure of how well a company has used its resources – its assets, both tangible and intangible –to produce a return on its investment. The financial condition of a company is a measure of its ability to satisfy its obligations, such as the payment of interest on its debt in a timely manner. The analyst has many tools available in the analysis of financial information. These tools include financial ratio analysis and quantitative analysis. Ratio analysis is known as symptom like blood pressure. The pulse rate of the temperature of an individual often ratio analysis is used as a devices to diagnose the financial position of an enterprise. It shall point out if the financial condition is very strong, good, partly good, and poor. As such the ratio analysis is a powerful tool of financial analysis through it economic and financial position of a business unit can be fully x-rayed. The financial analysis of Raymond Ltd and Bombay Dyeing is shown in this note.