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Nigerian (NSE) Industrials Sector Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies16
  • 7D2.2%
  • 3M78.6%
  • 1Y152.0%
  • YTD68.7%

Over the last 7 days, the Industrials industry has risen 2.2%, driven by gains from Skyway Aviation Handling of 9.7%. In the same time, C & I Leasing was down 5.8%. In the last 12 months, the industry was up 152%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026₦1.2t₦1.0t₦68.5b18.6x17.6x1.2x
Tue, 24 Feb 2026₦1.2t₦1.0t₦68.7b17.9x17.6x1.2x
Thu, 22 Jan 2026₦799.4b₦943.2b₦53.4b13.6x15x0.8x
Sat, 20 Dec 2025₦670.6b₦943.2b₦52.7b11.6x12.7x0.7x
Mon, 17 Nov 2025₦659.9b₦943.4b₦52.8b11.7x12.5x0.7x
Wed, 15 Oct 2025₦667.0b₦913.9b₦45.8b12.3x14.6x0.7x
Fri, 12 Sep 2025₦676.2b₦913.9b₦45.9b11.8x14.7x0.7x
Sun, 10 Aug 2025₦648.6b₦914.0b₦46.1b12x14.1x0.7x
Tue, 08 Jul 2025₦565.5b₦831.1b₦40.8b12.2x13.9x0.7x
Thu, 05 Jun 2025₦500.7b₦833.9b₦39.6b10.1x12.6x0.6x
Sat, 03 May 2025₦503.9b₦832.8b₦39.4b7.6x12.8x0.6x
Mon, 31 Mar 2025₦489.9b₦751.4b₦41.0b10x12x0.7x
Wed, 26 Feb 2025₦470.0b₦750.8b₦40.9b10x11.5x0.6x
Fri, 24 Jan 2025₦442.3b₦689.8b₦37.3b9.4x11.8x0.6x
Sun, 22 Dec 2024₦446.7b₦689.4b₦37.1b8.8x12x0.6x
Tue, 19 Nov 2024₦458.3b₦686.7b₦37.0b7.8x12.4x0.7x
Thu, 17 Oct 2024₦430.2b₦608.4b₦32.4b7.2x13.3x0.7x
Sat, 14 Sep 2024₦394.6b₦608.1b₦32.4b8.2x12.2x0.6x
Mon, 12 Aug 2024₦348.7b₦606.7b₦32.1b8.8x10.8x0.6x
Wed, 10 Jul 2024₦300.0b₦580.9b₦32.6b11x9.2x0.5x
Fri, 07 Jun 2024₦277.0b₦580.7b₦32.1b9.8x8.6x0.5x
Sun, 05 May 2024₦273.7b₦598.6b₦30.7b11.4x8.9x0.5x
Tue, 02 Apr 2024₦254.8b₦588.6b₦21.2b10.2x12x0.4x
Thu, 29 Feb 2024₦233.8b₦588.6b₦21.2b9.6x11x0.4x
Sat, 27 Jan 2024₦254.3b₦582.8b₦20.1b13.3x12.6x0.4x
Mon, 25 Dec 2023₦196.9b₦582.4b₦20.2b10.5x9.8x0.3x
Wed, 22 Nov 2023₦189.0b₦582.0b₦20.1b10.6x9.4x0.3x
Fri, 20 Oct 2023₦188.8b₦567.5b₦19.2b10.2x9.8x0.3x
Sun, 17 Sep 2023₦185.0b₦570.0b₦19.1b10.5x9.7x0.3x
Tue, 15 Aug 2023₦170.0b₦569.8b₦19.1b10.2x8.9x0.3x
Thu, 13 Jul 2023₦150.1b₦546.8b₦11.8b11.7x12.7x0.3x
Sat, 10 Jun 2023₦131.6b₦547.0b₦11.8b8.9x11.1x0.2x
Mon, 08 May 2023₦121.8b₦547.0b₦11.8b9.2x10.3x0.2x
Wed, 05 Apr 2023₦114.1b₦541.5b₦14.2b8.1x8.1x0.2x
Price to Earnings Ratio

8.1x


Total Market Cap: ₦114.1bTotal Earnings: ₦14.2bTotal Revenue: ₦541.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 11.9x202420252026
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 17.6x which is higher than its 3-year average PE of 11.9x.
  • The 3-year average PS ratio of 0.56x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 69% 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 Market-0.93%
Industrials2.19%
Industrials9.57%
Logistics9.54%
Electrical5.75%
Infrastructure3.55%
Construction0%0
Machinery0%0
Airlines0%0
Transportation0%0
Commercial Services-0.15%
Trade Distributors-5.76%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 25.4x.
    • 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
SKYAVN Skyway Aviation Handling₦158.959.7%
+₦19.0b		241.8%PE18.3x
EUNISELL Eunisell Interlinked₦157.909.7%
+₦3.3b		1,368.8%PE781.6x
JOHNHOLT John Holt₦18.9559.9%
+₦2.8b		144.8%PE14.9x
REDSTAREX Red Star Express₦28.159.5%
+₦2.3b		484.0%PE30.7x
ACADEMY Academy Press₦8.754.2%
+₦317.5m		264.6%PE8.4x

Latest News

TRANSEXPR
₦2.59
Trans-Nationwide Express
7D
9.7%
1Y
29.5%
SKYAVN
₦158.95
Skyway Aviation Handling
7D
9.7%
1Y
241.8%
EUNISELL
₦157.90
Eunisell Interlinked
7D
9.7%
1Y
1,368.8%
ACADEMY
₦8.75
Academy Press
7D
4.2%
1Y
264.6%
JOHNHOLT
₦18.95
John Holt
7D
59.9%
1Y
144.8%
CUTIX
₦3.50
Cutix
7D
0.3%
1Y
40.0%
TIP
₦19.80
Initiates
7D
-2.0%
1Y
371.4%
CILEASING
₦6.55
C & I Leasing
7D
-5.8%
1Y
74.2%

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.
REDSTAREX
₦28.15
Red Star Express
7D
9.5%
1Y
484.0%
AUSTINLAZ
₦4.01
Austin Laz
7D
-9.9%
1Y
91.9%