Financial performance analysis is very useful to provide information about the financial position and performance of an enterprise which is helpful for various users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Many techniques are used for financial performance analysis. Some of these techniques are working capital management, capital structure analysis, cash flow analysis and dividend policy analysis. Capital Structure, cash flow statements and dividend policy of selected steel companies have been analysed. These techniques serve as different components and indicators of financial performance analysis. Working capital is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entity. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Decisions relating to working capital and short-term financing are referred to as working capital management. These involve managing the relationship between a firm's short-term assets and its short-term liabilities.