This is an empirical study based on the primary data from a 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, each of middle age, partnership form of organisation and location in Barodal Ahmedabad districts has, in general, proved a beneficial structural feature from the point of view of performance.