The financial performance of Bharat Sanchar Nigam Ltd. in Bhopal was analyzed using ratio analysis. The study found that BSNL is facing serious financial issues, with poor liquidity, profitability, and solvency ratios. The company is struggling to meet short-term commitments and generate positive returns for investors. Increasing debt levels suggest heavy reliance on debt financing, raising concerns about meeting interest payments. To improve its financial health, BSNL should focus on better working capital management, reducing debt, increasing revenue, and enhancing customer service. Immediate action is needed to strengthen the company's bottom line.