Small-Cap Stock Under Rs 20: Multibagger PC Jewellers Zooms 16% On 80% Revenue Surge In Q1 — Do You Own?

PC Jewellers' shares zoomed over 16% on Friday, after the Delhi-based jeweller reported that its standalone revenue surged 80% in the April-June quarter of fiscal 2026 on robust wedding and festive season. The jewellery stock has delivered multibagger returns to D-Street investors over the last five years.

Despite fluctuations in gold prices, the domestic jeweller's revenue from operations surged in the first quarter of fiscal 2026. PC Jewellers sells only hallmarked jewellery and certified diamond jewellery. It engages in the manufacture, export, wholesale and retail of gold and diamond jewellery in India.

PC Jewellers reduced its outstanding debt to bankers by over 50% in fiscal 2025 and reduced further by around 7.5% during the current quarter. It remains committed to become debt-free by the end of fiscal 2026.

Operational improvements continue to remain across the board, with tangible improvements seen in the financial results. The jeweller is positive about maintaining its growth momentum and delivering strong results in the upcoming quarters.

On Friday, the jewellery stock opened at Rs 14.28 apiece and is currently trading over 16% higher at Rs 16.22 apiece. The benchmark NSE Nifty 50 was flat. The small-cap stock has rallied 31% in five days and 17% in a month. However, the stock is down 11.6% on a year-to-date basis.

Notably, PC Jewellers has delivered massive multibagger 217.17% returns in the last one year, 583.61% returns in three years, and 874.25% returns in five years. The relative strength index was at 77.55, indicating that the stock is currently overbought.

The jewellery stock currently trades 53% higher from its 2025-low of Rs 10.66 apiece, which it hit on March 3, 2025. The Delhi-based jeweller commands a market cap of Rs 10,654.50 crore. In 2011, the company changed its status to public limited from private limited.