11 small-cap stocks with over 15% RoE for 3 years; 2 turned multibaggers in FY26

From this set, 11 small-cap stocks not only sustained high RoE but also rallied 50–100% in FY26, reflecting strong investor confidence. Lumax Auto Technologies and Gabriel India were the biggest outperformers, both turning multibaggers.

In FY26 so far, the stock has surged 112%, rising to Rs 1,143 from Rs 540. The company’s RoE was 18.49% in FY23, 23.01% in FY24, and 26.58% in FY25.

The stock rallied 107% in FY26, climbing to Rs 1,200 from Rs 579. RoE stood at 16.17% for FY23, 33.01% for FY24, and 22.42% for FY25.

So far in FY26, the stock gained 65%, reaching Rs 11,131 from Rs 6,763. The company’s RoE was 21.32% in FY23, 23.83% in FY24, and 24.35% in FY25.

The stock advanced 64% in FY26 to Rs 463 from Rs 282. RoE was recorded at 19.08% in FY23, 19.30% in FY24, and 22.05% in FY25.

FY26 saw a 63% rally in the stock price, moving up to Rs 904 from Rs 555. The company posted RoE of 20.80% in FY23, 15.91% in FY24, and 17.23% in FY25.

The stock rose 58% in FY26, from Rs 913 to Rs 1,442. RoE for FY23 was 15.87%, followed by 17.03% in FY24 and 15.23% in FY25.

The stock climbed 54% in FY26 to Rs 949 from Rs 615. RoE figures were 15.86% in FY23, 33.07% in FY24, and 25.65% in FY25.

In FY26, the stock increased 53% to Rs 3,862 from Rs 2,524. The RoE stood at 19.17% for FY23, 17.69% for FY24, and 19.35% in FY25.

The stock rose 49% in FY26, reaching Rs 1,347 from Rs 901. RoE was 17.14% in FY23, 17.65% in FY24, and 19.75% in FY25.

So far in FY26, the stock rallied 49%, moving to Rs 1,170 from Rs 785. The company’s RoE was 32.10% in FY23, 24.67% in FY24, and 23.70% in FY25.

The stock gained 49% in FY26, rising to Rs 8,231 from Rs 5,538. RoE was 32.28% in FY23, 27.00% in FY24, and 19.61% in FY25.