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Nigerian (NSE) Industrials Sector Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies15
  • 7D4.5%
  • 3M-2.7%
  • 1Y47.6%
  • YTD46.9%

The Industrials is pretty flat in the last 7 days, but Nigerian Aviation Handling has stood out, gaining 4.2%. As for the the longer term, the industry is up 49% over the past 12 months.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 03 Mar 2023₦108.4b₦540.8b₦14.0b7.8x7.7x0.2x
Sun, 29 Jan 2023₦103.8b₦504.1b₦12.2b9.5x8.5x0.2x
Tue, 27 Dec 2022₦97.5b₦502.8b₦12.1b8.3x8.1x0.2x
Thu, 24 Nov 2022₦93.9b₦502.0b₦12.0b8.3x7.8x0.2x
Price to Earnings Ratio

7.8x


Total Market Cap: ₦93.9bTotal Earnings: ₦12.0bTotal Revenue: ₦502.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 11.1x202320242025
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 11.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.47x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 64% 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 Market-1.43%
Industrials4.49%
Infrastructure9.87%
Electrical6.64%
Trade Distributors6.00%
Industrials0%0
Machinery0%0
Airlines0%0
Construction-0.49%
Commercial Services-2.85%
Logistics-8.83%
Transportation-9.91%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 15.3x.
    • 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₦109.9015.7%
+₦29.0b		181.8%PE12.5x
CUTIX Cutix₦3.409.7%
+₦2.1b		36.0%PE30.6x
CILEASING C & I Leasing₦5.306.0%
+₦884.6m		37.7%PE12.1x
TIP Initiates₦10.999.9%
+₦881.1m		377.8%PE3.6x
EUNISELL Eunisell Interlinked₦72.802.7%
+₦449.7m		452.4%PE94x

Latest News

NAHCO
₦109.90
Nigerian Aviation Handling
7D
15.7%
1Y
181.8%
ABCTRANS
₦3.82
ABC Transport
7D
-9.9%
1Y
221.0%
TRIPPLEG
₦4.42
Tripple Gee
7D
-10.0%
1Y
157.0%
AUSTINLAZ
₦2.36
Austin Laz
7D
-18.6%
1Y
19.2%
TIP
₦10.99
Initiates
7D
9.9%
1Y
377.8%

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
₦5.30
C & I Leasing
7D
6.0%
1Y
37.7%
JBERGER
₦138.20
Julius Berger Nigeria
7D
-0.5%
1Y
-19.9%

Julius Berger Nigeria Plc H1/Q2 Result

recent valuation
ACADEMY
₦6.75
Academy Press
7D
-10.0%
1Y
162.1%
CUTIX
₦3.40
Cutix
7D
9.7%
1Y
36.0%
EUNISELL
₦72.80
Eunisell Interlinked
7D
2.7%
1Y
452.4%
REDSTAREX
₦9.20
Red Star Express
7D
-9.8%
1Y
104.9%