Better financial analysis helps in better financial decision making. Modern day financial analysis tools are based on several quantitative and statistical tools available as software packages. Such tools include both simple and complex tools, one such tool is CAPM model by which firms can assess their risk and return profile vis a vis the whole industry, ABC analysis, sensitivity analysis are other such tools. Knowledge from research continues to be fed into the design of models for their further improvisation. Financial analysts need to keep themselves proficient in the usage of these models and continuously upgrade their skills.