Multi-stage deep drawing is an important sheet metal forming process. The deformation mechanisms of sheet metals during forming processes are complicated mainly due to the geometry and the lubrication of tools involved, the formability and the anisotropic behaviour of the material. The multi-stage deep-drawing processes including normal-drawing, reverse-drawing, and re-drawing are analyzed by use of the rigid-plastic finite element method. The anisotropic behaviour represented by r-value can be incorporated into the formulation. Punch/die loads and thickness distributions were obtained as results of simulating axisymmetric deep drawing processes. The computed results showed good agreements with experiments.