With the De-Licensing of Pharmaceutical Industry Andcomplemented By Scientific Talent and Research Capabilities and Intellectualproperty Protection Regime, Indian Pharmaceutical Industry In All Set to Takeon New Challenges In the International Market. Indian Pharmaceutical Industryhas Played a Key Role In Promoting and Sustaining Development In the Vitalfield of Medicines. Financial Analysts Often Assess Firm's Production Andproductivity Performance, Profitability Performance, Liquidity Performance,Working Capital Performance, Fixed Assets Performance, Fund Flow Performanceand Social Performance. the Financial Performance Analysis Identifies Thefinancial Strengths and Weaknesses of the Firm By Properly Establishingrelationships Between the Items of the Balance Sheet and Profit and Lossaccount. Thus, the Present Paper Is of Crucial Importance to Measure the Firm’Sliquidity, Profitability, and Other Indicators That the Business Is Conductedin a Rational and Normal Way; Ensuring Enough Returns to the Shareholders Tomaintain at Least Its Market Value. In This Context Researcher Has Undertakenan Analysis of Financial Performance of Pharmaceutical Companies to Understandhow Management of Finance Plays a Crucial Role In the Growth. the Present Studycovers Two Public Sector Drug & Pharmaceutical Enterprises Listed on Bse.The Study Has Been Undertaken For the Period of Twelve Years from 199899 To200910. In Order to Analyze Financial Performance In Terms of Liquidity,Solvency, Profitab ...