Finite element analysis is carried out for simulation of the multi-stage elliptic cup drawing process with the large aspect ratio. The analysis incorporates with shell elements for an elasto-plastic finite element method with the explicit time integration scheme. For the simulation, LS-DYNA3D is utilized for its wide capability of solving forming problems. The simulation result shows that the non-uniform drawing ratio at the elliptic cross section ad the small shoulder radius cause failure such as tearing and wrinkling. The result suggests the guideline to modify the tool shape for prevention of the failure during the drawing process.