ITC limited (Indian tobacco Company) is the one of the leading Fast Moving Consumable Goods companies in India. This Study is based on the secondary data extracted from the annual reports of the company. The financial statements of ITC have been collected over a period of 5 years from 2013 to 2017. Ratios and leverages have been used to know the capital structure i.e., (debt & equity proportion) of the firm. To know the relationship between the various long-term forms of financing ratios and leverage have been used and also to identify the firm’s ability to use fixed cost assets or funds to increase return to its owners (i.e., equity shareholders). The study highlights that leverages remain same throughout the study period.