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The goal of this article is to use financial ratios to assess the performance of food processing sub-sectors in Andhra Pradesh. The efficiency of an industrial unit is measured by its productivity. However, it also emphasizes that a firm that performs well should maintain good financial health. Profitability, Liquidity, Debt- servicing capacity, leverage, and working capital management efficiency of sub-sectors of the Food processing industry of Andhra Pradesh are measured. This empirical analysis considers the four digit-level of disaggregation ASI data over the study period 2008-09 to 2018-19. Finally, an attempt was made to identify them and group them into four different categories with similar characteristics.