Financial Health is used as an important area which provide meaningful information about the company’s profitability, solvency, liquidity and operating efficiency. The objective of this paper is to make an analytical study of the selected maharatna Indian petroleum companies. The study of financial Health is gives sufficient information about the profitability, liquidity and solvency of the company. In this study I have analyzed the data of three petroleum companies (BPCL, HPCL and IOCL) for seven years from 2014-15 to 2020-21. The financial health of the selected companies during the period 2014-15 to 2020-21 has been analyzed with respect to interrelationships. The objective of this paper is to conduct a comparative study between the petroleum companies concerned through the analysis of their financial health during the research period by ratio analysis. Financial health of a company means strength of the company regarding profitability, solvency, liquidity and operating efficiency. Capital structure means mutual ratio of different sources of long-term funds and it includes equity share capital, preference share capital and long-term borrowed capital of the company.

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Keywords: Financial Health, Capital Structure, Profitability, Solvency.