Natural fiber composite replaces the conventional and synthetic materials in many fields especially in light weight applications. The randomly oriented short snake grass fiber reinforced isophthallic polyester composites are prepared by hand lay-up technique and finally compression molded. The various length and weight fraction of fiber are used in composite fabrication. The mechanical properties and water absorption under various climatic conditions are examined according to the prescribed standard. SEM image revealing the fiber pullout and breakage of the tensile and impact fractured composite specimens has been analysed and compared with control through scanning electron microscope. The result shows that the mechanical properties increase with increase in fiber length and weight fraction of the composites. The rate of water absorption increases with increase in temperature and time. Obtained experimental tensile strength of the composite is compared with various theoretical models such as Series, Hirsch's, Halpin-Tsai, Modified Halpin-Tsai and Modified Bowyer & Brader's and the obtained inferences are discussed.