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Financial analysis of mining projects can be known by studying the financial statements. Financial statements are official records of the financial actions of a company, firm or other unit over a period of time which provide a general idea of a company's financial situation in mutually short and long term. They give a precise representation of a company's condition and working results. Financial statements are sometimes used as supervision tool mainly by company executives and investor's in assessing the overall situation and working results of the company. An effort has been made in this study to analyze the financial conditions of Chennai Petroleum Ltd. This study report on ratio analysis assesses the financial strengths and weakness of Chennai Petroleum Ltd. through Financial Ratio Analysis; to evaluate the performance of the company by using ratios as a yardstick to measure the efficiency of the company, to understand the liquidity, profitability and efficiency positions of the company during the study period by using comparative balance sheet analysis, to evaluate and analyze various facts of the financial performance of the company using multi discriminant working capital analysis such as Y-Score analysis, Z-Score analysis, trend analysis, to make comparisons between the ratios during different periods by using statement of changes in working capital and making projection of the financial performance of the company using trend analysis. Keywords: Financial Performance, Petroleum Corporation, Ratio Analysis, Y-Score and Z-Score analysis and trend analysis

Many companies seem to have destroyed shareholder's wealth over a period of time and only a few have positively contributed to their wealth. With the help of Economic Value Added (EVA) and Market Value Added (MVA) which tell what the institution is doing with investor's hard earned money, this research examines the relationship between the share price and other economic and financial variables such as Economic Value Added (EVA), Return on Asset (ROA) and Return on Fund (ROF). The overriding message of this paper is that the share price has direct correlation between the economic and financial variables. This analysis helps us to dig below the surface numbers to tell us more about the underlying business and whether there is a prima facie case for using EVA as one of the ranges of performance measurement tools. The relationship between EVA and other traditional measures is examined using Pearson's Coefficient of Correlation. Regression analysis has been used to examine the relationship of EVA, Earning Per Share (EPS), ROA and ROF with share price. The study found that, investing in the market is becoming more and more risky as the beta of the individual securities is increasing year by year. The increase in beta is due to increasing weighted average cost of capital; it specifies that capital is becoming more and more costly; Majority of the banks are increasing their capital to meet the increased expenses. As the market is becoming more and more risky, investors' expectations are increasing and therefore share prices of almost all the banks for almost all the years showed an increasing trend. Data analysis of 39 banks shows that: Share prices of two banks' shows high correlation of coefficient and coefficient of determination with EVA and share prices of eighteen banks' shows low correlation of coefficient and coefficient of determination with EVA. This specifies that there is no relationship between EVA and share price. Keywords: Economic Value, Financial Variables, Share Price, Behaviour and Market Value.