Highlights
- Steelco Gujarat emerged as the biggest multibagger, delivering an astonishing 23,662.3% return over the past one year.
- JTL Defence, Axis Solutions and iSERA Lifesciences were among the top performers, each posting gains of over 6,800%.
- The list was dominated by small-cap and micro-cap stocks, highlighting the high-return potential and equally high risks of the segment.
Multibagger Stocks: Several small-cap and micro-cap stocks have delivered phenomenal gains over the past year, far outperforming the broader Indian equity market. According to the latest one-year performance screener updated on July 11, 2026, Steelco Gujarat topped the list with a staggering return of more than 23,600%, followed by JTL Defence and Axis Solutions.
Steelco Gujarat Emerges as the Biggest Wealth Creator
Steelco Gujarat emerged as the best-performing stock over the past year, posting an extraordinary 23,662.3% gain. The rally came amid heightened investor interest in micro-cap counters, though the stock has also witnessed sharp volatility in recent months. The company has remained in focus due to corporate developments, including a rights issue announced earlier this year.
Defence Theme Continues to Reward Investors
Defence-linked stocks maintained their strong momentum, with JTL Defence delivering a return of 9,175.6%. The sector has continued to attract investor interest amid the government’s push for indigenous defence manufacturing and rising domestic production.
Manufacturing and Industrial Stocks Dominate
Industrial and engineering companies featured prominently among the year’s biggest gainers. Axis Solutions, Modern Malleables, Maxgrow, and CLC Industries all delivered returns exceeding 3,900%, reflecting strong buying interest in select manufacturing and industrial businesses.
Investors Should Be CautiousWhile these stocks have generated exceptional returns, most belong to the small-cap or micro-cap universe, where liquidity can be relatively low and price movements can be highly volatile. Investors should evaluate a company’s fundamentals, financial performance, corporate governance, and valuations before making investment decisions rather than relying solely on historical returns.
| Stock | 1-Year Return |
| Steelco Gujarat | 23,662.3 |
| JTL Defence | 9,175.6% |
| Axis Solutions | 8,348.75% |
| iSERA Lifesciences | 6,851.69% |
| Asian Hotels West | 5,743% |
| Maxgrow | 5,597.54% |
| Modern Malleables | 5,507.27% |
| Keto Motors | 5,418.6% |
| CLC Industries | 3,919.67% |
| Samtel | 2,940.21% |
