Finance is a field that deals with the study of investments, the dynamics of assets and liabilities at different degrees of uncertainty and risk. Earnings per share is the portion of company’s profit allocated to each outstanding share of common stock. They play a dominant role in setting the frame work and managerial conclusion can be drawn from these statements. The project entitled “A Comparative Study on the Financial Performance and Earnings Values of Ultratech Cement and Ramco Cement” throws light on overall financial performance of the company and its Earnings per share. For this analysis the tools used are Comparative Income Statement and Earnings per Share.