Two simple, accurate, rapid and sensitive methods have been developed for the estimation of ethamsylate in pharmaceutical dosage forms. Method A is based on the reduction of Folin-Ciocalteau phenol reagent by ethamsylate in presence of 20% sodium carbonate solution giving blue chromogen, which shows maximum absorption at 740 nm while method B is based on the reduction of ferric ions (ferric nitrate) to ferrous ions by ethamsylate which then reacts with 1,10-phenanthroline to produce reddish coloured complex showing maximum absorption at 435 nm against reagent blank. In both the methods Beer's law was obeyed in the concentration range of 5-25 $\mu$g/ml.