The invention relates to a vehicle rear axle flange dustproof cover blanking-punching-flanging-drawing compound mold. The mold is divided into an upper half part of the mold and a lower half part of the mold; the upper half part of the mold comprises a mold handle, an upper template, a beating rod, a guide sleeve, an upper cushion plate, a blanking and unloading spring, a drawing and unloading spring, an upper fixed plate, a blanking and drawing compound mold, a punching and flanging compound mold, a blanking and unloading plate, a punching and beating block and a drawing and unloading plate;and the lower half part of the mold comprises a guide column, a blanking concave mold, a drawing and flanging compound mold, a punching convex mold, an ejector rod, a stop pin, an ejector, a lower fixed plate, a lower cushion plate and a lower template. The lower part of the mold adopts such structures as a mold correcting stop port for automatically correcting gaps and different height differences of each convex and concave molds; and traditional two procedures (the blanking and punching procedure and the flanging and drawing procedure) are optimized as one procedure, so that the production efficiency is improved by 1.2 times, the life of the mold is prolonged by 7 times, and the product quality is stable.