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Nigerian (NSE) Industrials Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies16
  • 7D0.7%
  • 3M67.1%
  • 1Y138.6%
  • YTD55.3%

Over the last 7 days, the Industrials industry has remained flat, although notably Red Star Express gained 56%. As for the the longer term, the industry is up 139% over the past 12 months.

Sector Valuation and Performance

Has the Nigerian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026₦1.1t₦1.0t₦68.7b14.8x16.1x1.1x
Sun, 18 Jan 2026₦736.0b₦943.2b₦53.4b12.5x13.8x0.8x
Tue, 16 Dec 2025₦658.3b₦943.2b₦52.7b11.6x12.5x0.7x
Thu, 13 Nov 2025₦631.6b₦944.0b₦52.9b11.2x11.9x0.7x
Sat, 11 Oct 2025₦668.0b₦913.9b₦45.8b12.3x14.6x0.7x
Mon, 08 Sep 2025₦669.0b₦913.9b₦45.9b12.3x14.6x0.7x
Wed, 06 Aug 2025₦660.3b₦913.2b₦46.0b12.1x14.3x0.7x
Fri, 04 Jul 2025₦562.4b₦831.1b₦40.8b11.5x13.8x0.7x
Sun, 01 Jun 2025₦534.2b₦833.7b₦39.7b10.1x13.5x0.6x
Tue, 29 Apr 2025₦482.5b₦761.9b₦41.1b9.3x11.7x0.6x
Thu, 27 Mar 2025₦480.3b₦751.4b₦41.0b9.6x11.7x0.6x
Sat, 22 Feb 2025₦472.2b₦750.8b₦40.9b10x11.5x0.6x
Mon, 20 Jan 2025₦444.3b₦689.2b₦37.2b10.1x11.9x0.6x
Wed, 18 Dec 2024₦427.6b₦689.4b₦37.1b7.7x11.5x0.6x
Fri, 15 Nov 2024₦455.2b₦686.7b₦37.0b7.6x12.3x0.7x
Sun, 13 Oct 2024₦431.3b₦608.4b₦32.4b7.2x13.3x0.7x
Tue, 10 Sep 2024₦415.8b₦608.1b₦32.4b9x12.8x0.7x
Thu, 08 Aug 2024₦325.2b₦606.7b₦32.1b8.3x10.1x0.5x
Sat, 06 Jul 2024₦299.6b₦580.9b₦32.6b10.6x9.2x0.5x
Mon, 03 Jun 2024₦282.2b₦578.2b₦31.6b10.7x8.9x0.5x
Wed, 01 May 2024₦266.7b₦590.6b₦21.7b11.8x12.3x0.5x
Fri, 29 Mar 2024₦254.8b₦588.6b₦21.2b10.2x12x0.4x
Sun, 25 Feb 2024₦239.4b₦588.6b₦21.2b10.7x11.3x0.4x
Tue, 23 Jan 2024₦255.3b₦582.8b₦20.1b13.5x12.7x0.4x
Thu, 21 Dec 2023₦190.5b₦582.4b₦20.2b9.9x9.4x0.3x
Sat, 18 Nov 2023₦188.3b₦582.0b₦20.1b10.6x9.4x0.3x
Mon, 16 Oct 2023₦184.3b₦569.8b₦19.2b10.5x9.6x0.3x
Wed, 13 Sep 2023₦179.3b₦570.0b₦19.1b10.1x9.4x0.3x
Fri, 11 Aug 2023₦170.2b₦569.8b₦19.1b10.2x8.9x0.3x
Sun, 09 Jul 2023₦150.5b₦546.8b₦11.8b11.1x12.7x0.3x
Tue, 06 Jun 2023₦130.1b₦547.0b₦11.8b8.9x11x0.2x
Thu, 04 May 2023₦121.0b₦547.1b₦11.9b9x10.2x0.2x
Sat, 01 Apr 2023₦111.1b₦541.5b₦14.2b7.4x7.8x0.2x
Mon, 27 Feb 2023₦106.9b₦540.8b₦14.0b7.9x7.6x0.2x
Price to Earnings Ratio

7.6x


Total Market Cap: ₦106.9bTotal Earnings: ₦14.0bTotal Revenue: ₦540.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 11.6x202420252026
Current Industry PE
  • Investors are optimistic on the Nigerian Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.1x which is higher than its 3-year average PE of 11.6x.
  • The 3-year average PS ratio of 0.52x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 70% per year over the last three years.
  • Revenues for these companies have grown 24% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Nigerian Industrials sector?

NG Market6.50%
Industrials0.72%
Logistics52.95%
Transportation39.05%
Commercial Services8.27%
Industrials5.40%
Electrical3.51%
Construction1.30%
Machinery0%0
Airlines0%0
Infrastructure-3.60%
Trade Distributors-3.85%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 19.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NAHCO Nigerian Aviation Handling₦170.0014.5%
+₦42.0b		161.7%PE18.4x
JBERGER Julius Berger Nigeria₦260.004.1%
+₦16.5b		103.1%PE13.5x
REDSTAREX Red Star Express₦31.9543.6%
+₦9.3b		432.5%PE34.9x
ABCTRANS ABC Transport₦9.5027.9%
+₦5.0b		636.4%PE28.8x
ZICHIS Zichis Agro Allied Industries₦15.7960.8%
+₦3.6b		n/an/a

Latest News

JOHNHOLT
₦9.60
John Holt
7D
-0.5%
1Y
37.1%
ABCTRANS
₦9.50
ABC Transport
7D
27.9%
1Y
636.4%

ABC Transport Plc – Strong Revenue Growth and Improved Profitability in 9M 2025

Analyst: Qudus Adebara Executive Summary ABC Transport Plc delivered a robust performance for the nine months ended 30 September 2025, with significant revenue growth, improved operational efficiency, and higher profitability compared to the prior period. The Group’s revenue increased 48% YoY to ₦11.92 billion, driven by higher transport service volumes and contract execution, while the Company’s revenue rose 60% YoY to ₦6.27 billion.
CUTIX
₦4.00
Cutix
7D
5.5%
1Y
53.8%
CILEASING
₦7.25
C & I Leasing
7D
-7.1%
1Y
83.1%

C & I LEASING PLC Q3 Result – Strong Profit Momentum Sustained Amid Strategic Balance Sheet Expansion and Operational Efficiency Gains

Analyst: Qudus Adebara Executive Summary C & I Leasing Plc delivered a resilient performance for the nine months ended September 30, 2025, maintaining strategic growth momentum across its leasing, outsourcing, and marine service businesses. Despite a challenging interest-rate environment, elevated financing costs, and FX pressures, the Group recorded healthy YoY improvement in profitability supported by higher lease income, improved collections, and stronger JV contributions.
NAHCO
₦170.00
Nigerian Aviation Handling
7D
14.5%
1Y
161.7%

NAHCO PLC Q3 Result  – Sustained Earnings Growth Amid Strong Aviation Traffic Recovery; Healthy Balance Sheet Maintained

Strong 9M performance despite FX cost drag; business fundamentals remain solid Analyst: Qudus Adebara Executive Summary Nigerian Aviation Handling Company plc delivered a strong financial performance for the nine-month period ended 30 September 2025, supported by sustained aviation traffic growth, increased ground handling demand, and operational resilience. Revenue grew 41% YoY to ₦47.76bn , driven by higher passenger/cargo volumes and improved pricing in ground handling services.
SKYAVN
₦140.95
Skyway Aviation Handling
7D
-6.0%
1Y
203.1%

SAHCO Q3 Result – Exceptional Earnings Surge Powered by Strong Cargo & Ramp Handling Volumes, Capacity Expansion, and FX Gains

Analyst: Qudus Adebara Executive Summary Skyway Aviation Handling Company Plc delivered a robust financial performance for the nine months ended September 30, 2025, achieving significant growth in turnover and profitability driven by strong aviation handling demand, enhanced operational efficiency, and capacity expansion efforts. Revenue surged 57% YoY to ₦31.7 billion , supported by higher passenger handling, cargo processing volumes, and stronger pricing across aviation support services.
JBERGER
₦260.00
Julius Berger Nigeria
7D
4.1%
1Y
103.1%

Q3 Result – Strong Profit Rebound Driven by Contract Execution, Fair Value Gains and Operational Recovery Despite Cost Headwinds

Analyst: Qudus Adebara Executive Summary Julius Berger Nigeria Plc recorded a solid financial rebound for the nine-month period ended September 30, 2025, supported by accelerated execution of key infrastructure projects, improved cash management and significant fair value gains. Despite sustained cost inflation across construction materials, labour, and financing, the Group delivered improved profitability and balance sheet resilience.
TIP
₦18.90
Initiates
7D
-5.3%
1Y
339.5%
REDSTAREX
₦31.95
Red Star Express
7D
43.6%
1Y
432.5%
TRIPPLEG
₦5.40
Tripple Gee
7D
-18.8%
1Y
142.2%
AUSTINLAZ
₦4.59
Austin Laz
7D
-9.8%
1Y
141.6%