India being the seventh largest producer of steel in the world, the industry has been passing through difficult times for the during the twentieth century. This book is designed for students and researchers who want to develop professional skills in modern quantitative application of Industrial finance. This book provide insight knowledge of financial research in the aspects of Accounting ratios with theoretical and computational tools that are deep enough application and interpretation and rich content to be relied on advanced financial research tools were applied in Indian Steel Industry. This book has covered the research areas of commerce and management in financial analysis as well as for the Economic Value Added and Market Value Added analysis also who want to get grip on modern statistical tools in financial data analysis. The subject matter is presented in seven chapters and the three important financial analysis namely, Accounting Ratios, Financial Health (Discriminant Analysis) and Economic Value Added Analysis.