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Nigerian (NSE) Industrials Sector Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies15
  • 7D-0.7%
  • 3M-2.5%
  • 1Y57.4%
  • YTD46.4%

Over the last 7 days, the Industrials industry has dropped 2.4%, driven by Julius Berger Nigeria declining 5.4%. On the other hand Initiates is actually up 15%. This takes the industry's 12 month performance to a gain of 58%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025₦657.9b₦943.2b₦52.7b11.6x12.5x0.7x
Wed, 12 Nov 2025₦615.1b₦944.0b₦52.9b10.8x11.6x0.7x
Fri, 10 Oct 2025₦668.0b₦913.9b₦45.8b12.1x14.6x0.7x
Sun, 07 Sep 2025₦669.0b₦913.9b₦45.9b12.3x14.6x0.7x
Tue, 05 Aug 2025₦655.4b₦908.9b₦43.8b13.8x15x0.7x
Thu, 03 Jul 2025₦553.5b₦834.6b₦40.3b11.5x13.8x0.7x
Sat, 31 May 2025₦534.2b₦833.7b₦39.7b10.1x13.5x0.6x
Mon, 28 Apr 2025₦475.2b₦761.9b₦41.1b8.8x11.6x0.6x
Wed, 26 Mar 2025₦482.0b₦751.4b₦41.0b9.7x11.8x0.6x
Fri, 21 Feb 2025₦473.3b₦750.8b₦40.9b10x11.6x0.6x
Sun, 19 Jan 2025₦444.3b₦689.4b₦37.1b10.1x12x0.6x
Tue, 17 Dec 2024₦429.3b₦689.4b₦37.1b7.7x11.6x0.6x
Thu, 14 Nov 2024₦455.0b₦686.7b₦37.0b7.6x12.3x0.7x
Sat, 12 Oct 2024₦430.4b₦608.4b₦32.4b7.2x13.3x0.7x
Mon, 09 Sep 2024₦444.5b₦608.1b₦32.4b9x13.7x0.7x
Wed, 07 Aug 2024₦323.2b₦605.5b₦32.4b8.1x10x0.5x
Fri, 05 Jul 2024₦314.5b₦580.9b₦32.5b11x9.7x0.5x
Sun, 02 Jun 2024₦282.2b₦578.2b₦31.6b10.7x8.9x0.5x
Tue, 30 Apr 2024₦250.6b₦590.4b₦21.1b11.8x11.9x0.4x
Thu, 28 Mar 2024₦248.2b₦588.6b₦21.2b10.4x11.7x0.4x
Sat, 24 Feb 2024₦239.2b₦588.6b₦21.2b10.7x11.3x0.4x
Mon, 22 Jan 2024₦254.0b₦582.8b₦20.1b13.4x12.6x0.4x
Wed, 20 Dec 2023₦190.6b₦582.4b₦20.2b9.8x9.4x0.3x
Fri, 17 Nov 2023₦189.4b₦582.0b₦20.1b10.5x9.4x0.3x
Sun, 15 Oct 2023₦184.3b₦569.8b₦19.2b10.5x9.6x0.3x
Tue, 12 Sep 2023₦187.2b₦570.0b₦19.1b10.4x9.8x0.3x
Thu, 10 Aug 2023₦169.4b₦569.8b₦19.1b10.2x8.8x0.3x
Sat, 08 Jul 2023₦150.5b₦546.8b₦11.8b11.1x12.7x0.3x
Mon, 05 Jun 2023₦130.6b₦547.0b₦11.8b8.7x11x0.2x
Wed, 03 May 2023₦121.0b₦547.1b₦11.9b8.6x10.2x0.2x
Fri, 31 Mar 2023₦111.2b₦541.5b₦14.2b7.4x7.9x0.2x
Sun, 26 Feb 2023₦106.9b₦540.8b₦14.0b7.9x7.6x0.2x
Tue, 24 Jan 2023₦103.7b₦503.1b₦12.1b9.6x8.6x0.2x
Thu, 22 Dec 2022₦94.0b₦502.8b₦12.1b8.3x7.8x0.2x
Price to Earnings Ratio

7.8x


Total Market Cap: ₦94.0bTotal Earnings: ₦12.1bTotal Revenue: ₦502.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 11.2x202320242025
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 12.5x which is higher than its 3-year average PE of 11.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.49x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 63% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Market1.62%
Industrials-0.70%
Commercial Services8.58%
Trade Distributors7.95%
Transportation3.23%
Infrastructure2.45%
Machinery0%0
Logistics0%0
Airlines0%0
Electrical-2.93%
Construction-5.28%
Industrials-9.79%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 16.2x.
    • 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₦103.954.0%
+₦7.7b		174.3%PE11.8x
TIP Initiates₦12.7514.3%
+₦1.4b		466.7%PE4.1x
CILEASING C & I Leasing₦5.703.6%
+₦589.7m		42.5%PE13x
ABCTRANS ABC Transport₦3.203.2%
+₦239.3m		204.8%PE7.7x

Latest News

CHELLARAM
₦13.20
Chellarams
7D
-9.9%
1Y
256.8%
JOHNHOLT
₦4.90
John Holt
7D
-9.3%
1Y
-32.2%
NAHCO
₦103.95
Nigerian Aviation Handling
7D
4.0%
1Y
174.3%

NAHCO Deepens Agro-Export Value Chain Efficiency with Commissioning of Export Processing & Packaging Centre

Nigeria’s export logistics landscape recorded a landmark improvement with the launch of the NAHCO Export Processing and Packaging Centre (NEPPC) , a strategic infrastructure designed to streamline the export value chain, reduce post-harvest losses, and enhance the competitiveness of Nigerian agricultural and perishable products in global markets. Why NEPPC Matters The centre comes at a critical time when Nigeria is seeking to diversify foreign exchange earnings away from crude oil.
JBERGER
₦139.00
Julius Berger Nigeria
7D
-5.4%
1Y
-10.5%
AUSTINLAZ
₦2.27
Austin Laz
7D
-1.3%
1Y
28.2%
ABCTRANS
₦3.20
ABC Transport
7D
3.2%
1Y
204.8%
CUTIX
₦3.09
Cutix
7D
-1.9%
1Y
23.6%

CUTIX PLC – Financial Performance Review (2nd Quarter Ended 31 October 2025)

Earnings Summary CUTIX Plc delivered a weaker performance in the first six months of FY2025/26, with revenue, margins, and profitability declining relative to the corresponding period of the previous year. The softer performance reflects cost pressures, reduced sales volumes, and a sharp rise in finance costs.
EUNISELL
₦75.15
Eunisell Interlinked
7D
-4.1%
1Y
290.0%
TIP
₦12.75
Initiates
7D
14.3%
1Y
466.7%

The Initiates Plc – Combined Rights and Public Offer Signals Strategic Expansion and Strong Market Confidence

Executive Summary The Initiates Plc, Nigeria’s leading environmental and waste management solutions company, announced a Combined Offer comprising a Rights Issue at N7.00 per share and a Public Offer at N9.50 per share. The initiative is designed to raise capital to scale operations, strengthen operational capacity, and invest in technology, while reinforcing shareholder value and confidence in the Nigerian capital market.
CILEASING
₦5.70
C & I Leasing
7D
3.6%
1Y
42.5%