The capital structure decision plays an important role in the performance of a firm. Therefore, there have been many studies inspecting the rapport of capital structure with the performance of firms, although the findings of these studies are inconclusive. In addition, there is a relative deficiency of empirical studies examining the link between capital structure and the performance of listed companies of India. This study attempts to fill this gap. Performance is measured by return on assets, return on equity and earnings per share. Determinants of capital structure includes long term debt to assets ratio, short term debt to assets ratio and total debt to assets ratio. Findings of the study validated a positive relationship between determinants of capital structure and firm performance.