This is an empirical study based on the primary data from the sample of 208 small scale chemical units in Gujarat for the years 1986 through 1990. The details on the various dimensions of the structure, conduct and performance are presented, and the nexus among them is examined. The findings suggest no unique relationship among structure, conduct and performance. However, it may be concluded that each of the middle age, partnership form of organization, and location in Baroda/Ahmedabad districts has, in general, proved a beneficial structural feature from the point of view of the performance. For maximizing the government revenue mobilization, firms should be encouraged to produce inorganic chemicals, and resins and allied products.