As performance appraisal has many aspects, financial performance appraisal is a major parameter of an organization’s performance. Overall financial analysis provides a comprehensive view of the company's financial health, including its profitability, liquidity, solvency, and efficiency. Financial statement analysis is very much helpful in assessing the financial position and profitability of a concern. The analysis would enable the present and the future earning capacity and the profitability of the concern. The present study is based on the secondary data gathered from the official website and annual report of CCL. The main objective of this study is to throwing light on the importance of overall financial performance appraisal of Central Coalfields Limited and its consequent result thereof. As a result the financial performance appraisal has become very significant and its positive effect also has constructing influence in organizational financial stability, Quick position, operating efficiency and productivity. The main finding of this paper is that overall financial performance of CCL is not satisfactory though profitability position in terms of Gross Profit Ratio and Net Profit Ratio is satisfactory.