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Nigerian (NSE) Industrials Sector Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies16
  • 7D9.2%
  • 3M12.0%
  • 1Y87.3%
  • YTD12.8%

Over the last 7 days, the Industrials industry has risen 9.2%, driven by gains from Julius Berger Nigeria of 19%. In the last 12 months, the industry was up 87%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026₦805.2b₦943.2b₦53.4b13.6x15.1x0.9x
Tue, 23 Dec 2025₦670.3b₦943.2b₦52.7b11.6x12.7x0.7x
Thu, 20 Nov 2025₦657.8b₦943.4b₦52.8b11.4x12.4x0.7x
Sat, 18 Oct 2025₦692.6b₦913.9b₦45.8b12.5x15.1x0.8x
Mon, 15 Sep 2025₦677.6b₦913.9b₦45.9b11.8x14.8x0.7x
Wed, 13 Aug 2025₦682.4b₦914.0b₦46.1b11.9x14.8x0.7x
Fri, 11 Jul 2025₦593.0b₦831.1b₦40.8b13.7x14.5x0.7x
Sun, 08 Jun 2025₦500.9b₦833.8b₦40.3b10.1x12.4x0.6x
Tue, 06 May 2025₦504.2b₦832.8b₦39.4b7.6x12.8x0.6x
Thu, 03 Apr 2025₦495.7b₦751.4b₦39.6b10.2x12.5x0.7x
Sat, 01 Mar 2025₦470.3b₦750.8b₦40.9b10x11.5x0.6x
Mon, 27 Jan 2025₦442.2b₦689.8b₦37.3b8.9x11.8x0.6x
Wed, 25 Dec 2024₦450.0b₦689.4b₦37.1b9.3x12.1x0.7x
Fri, 22 Nov 2024₦459.6b₦686.7b₦37.0b7.7x12.4x0.7x
Sun, 20 Oct 2024₦430.6b₦608.7b₦32.5b7.2x13.2x0.7x
Tue, 17 Sep 2024₦394.6b₦608.1b₦32.4b8.2x12.2x0.6x
Thu, 15 Aug 2024₦375.5b₦606.7b₦32.1b8.2x11.7x0.6x
Sat, 13 Jul 2024₦292.4b₦580.9b₦32.6b11x9x0.5x
Mon, 10 Jun 2024₦277.0b₦580.7b₦32.1b9.8x8.6x0.5x
Wed, 08 May 2024₦270.2b₦598.6b₦30.7b11.4x8.8x0.5x
Fri, 05 Apr 2024₦247.8b₦588.6b₦21.2b10.5x11.7x0.4x
Sun, 03 Mar 2024₦238.6b₦588.6b₦21.2b10.4x11.3x0.4x
Tue, 30 Jan 2024₦254.3b₦582.8b₦20.1b13.1x12.6x0.4x
Thu, 28 Dec 2023₦197.0b₦582.4b₦20.2b10.5x9.8x0.3x
Sat, 25 Nov 2023₦189.2b₦582.0b₦20.1b10.7x9.4x0.3x
Mon, 23 Oct 2023₦188.5b₦567.5b₦19.2b10.4x9.8x0.3x
Wed, 20 Sep 2023₦181.3b₦570.0b₦19.1b10.3x9.5x0.3x
Fri, 18 Aug 2023₦171.1b₦569.8b₦19.1b10.2x8.9x0.3x
Sun, 16 Jul 2023₦148.1b₦546.8b₦11.8b11.1x12.5x0.3x
Tue, 13 Jun 2023₦131.2b₦546.8b₦11.7b10.2x11.2x0.2x
Thu, 11 May 2023₦123.6b₦547.0b₦11.8b8.4x10.4x0.2x
Sat, 08 Apr 2023₦114.2b₦541.5b₦14.2b8.2x8.1x0.2x
Mon, 06 Mar 2023₦107.3b₦541.5b₦14.2b7.6x7.6x0.2x
Wed, 01 Feb 2023₦105.3b₦549.8b₦12.3b9.6x8.6x0.2x
Price to Earnings Ratio

8.6x


Total Market Cap: ₦105.3bTotal Earnings: ₦12.3bTotal Revenue: ₦549.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Industrials Sector Price to Earnings3Y Average 11.4x202420252026
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 15.1x which is higher than its 3-year average PE of 11.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.51x.
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 20% 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-0.46%
Industrials9.18%
Logistics28.63%
Construction18.48%
Transportation8.40%
Infrastructure5.15%
Commercial Services2.60%
Industrials2.22%
Machinery0%0
Airlines0%0
Electrical-2.32%
Trade Distributors-4.88%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 18.2x.
    • 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
JBERGER Julius Berger Nigeria₦182.0019.0%
+₦46.6b		30.2%PE13.6x
SKYAVN Skyway Aviation Handling₦99.9513.0%
+₦15.6b		201.5%PE15.7x
SCOA SCOA Nigeria₦23.8059.7%
+₦5.8b		501.0%PE41.6x
REDSTAREX Red Star Express₦17.3031.1%
+₦3.9b		242.6%PE21.3x
TRIPPLEG Tripple Gee₦7.1033.2%
+₦1.8b		187.4%PS4x

Latest News

SKYAVN
₦99.95
Skyway Aviation Handling
7D
13.0%
1Y
201.5%
JBERGER
₦182.00
Julius Berger Nigeria
7D
19.0%
1Y
30.2%
REDSTAREX
₦17.30
Red Star Express
7D
31.1%
1Y
242.6%
ABCTRANS
₦5.68
ABC Transport
7D
8.4%
1Y
411.7%
TRIPPLEG
₦7.10
Tripple Gee
7D
33.2%
1Y
187.4%
SCOA
₦23.80
SCOA Nigeria
7D
59.7%
1Y
501.0%
NAHCO
₦110.00
Nigerian Aviation Handling
7D
0.7%
1Y
120.0%

Nigerian Aviation Handling Company Plc – Strategic Airline Contract Renewals and New Wins Strengthen Market Leadership

Author: Qudus Adebara (Founder of Wane Investment House, Head of Equities, Wane Trading Club) Executive Summary The Nigerian Aviation Handling Company Plc (“NAHCO” or “the Company”), West Africa’s largest ground handling service provider, has announced the signing of a chain of major airline contracts for the provision of total handling solutions. The agreements include renewals with leading international carriers —Air France, KLM, Virgin Atlantic, and RwandAir—as well as new contracts with United Nigeria – Regional, Bellagio Air, and Malaikair.
CUTIX
₦3.69
Cutix
7D
-2.9%
1Y
36.7%
CILEASING
₦7.80
C & I Leasing
7D
-4.9%
1Y
89.8%
AUSTINLAZ
₦4.49
Austin Laz
7D
19.7%
1Y
146.7%
EUNISELL
₦153.95
Eunisell Interlinked
7D
-1.9%
1Y
1,116.0%