Small and Medium Enterprises (SME) sector hold a great importance and contribution towards the economic growth and affluence of a country. Organizational learning is increasingly being mentioned in the literature as a system for assisting small firm survival. In today's era of cut-throat competition the biggest challenge faced by SME's is to assess the ability of their organization to face dynamic forces of business. Hence, the concept of organizational learning capability (OLC) had emerged that emphasis on the importance of the facilitating factors for organizational learning or the organizational propensity to learn and support organizational managers to solve problems related with rapid changes in business environment and innovation needs. This is an empirical research and relies mainly on primary data collected through a structured questionnaire (Chiva et al.2007) to measure OLC. The purpose of this study is to identify OLC components in SME's. In our study, a survey of small and medium sports manufacturing firms was undertaken to ascertain the extent that the concept of OLC is prevalent in small scale enterprises and the relationship of organizational learning capability dimensions (experimentation, risk taking, interaction with the external environment, dialogue and participative decision-making) in their firms. The findings of our study identified the presence of OLC components in the small sports manufacturing firms. All the dimensions of OLC had a positive and significant relationship with each other. The most significant relationship was seen between the OLC dimensions of experimentation and interaction with external environment. Moreover, few individual demographic variables (gender, education level, age) and organizational variables were also found to have significant relationship with some dimensions of OLC.