‘Financial ratio is a well accepted technique to assess financial performance’ pertaining to the profitability, efficiency and liquidity (Gupta et al., 2011). The present study uses both accounting and market based measures to solve subjectivity problems taking data relating to the market and furthermore, it completes the measure. To understand the casual relationship between CSP and CFP, the study employs various methods and creates different models to judge the CSP-CFP relationship. The following section explains all financial variables used in the present study.