Manufacturing Stocks on Fire! 5 Firms Soar Over 100% YTD on NGX
The Manufacturing Magic is Real!
Five Nigerian manufacturing companies have delivered jaw-dropping returns so far in 2025 — each recording over 100% year-to-date (YTD) gains on the Nigerian Exchange (NGX)!
Here’s a breakdown of this stellar performance and what’s fueling the surge:
Top 5 Manufacturing Gainers
1. Beta Glass
• Start Price: ₦64.90
• Current Price: ₦176.70
• YTD Gain: +172%
• Market Cap: ₦106 billion
• Why? Rising demand from beverage, pharma & FMCG industries. Strategic upgrades in production & energy efficiency boosted margins!
2. Chellarams Plc
• Start Price: ₦3.70
• Current Price: ₦10.40
• YTD Gain: +181%
• Market Cap: ₦7.52 billion
• Leveraged diversified operations in industrial raw materials & consumer goods to ride the manufacturing rebound.
3. SCOA Nigeria Plc
• Start Price: ₦2.06
• Current Price: ₦4.47
• YTD Gain: +117%
• Market Cap: ₦2.9 billion
• Known for its ventures in automobile, power, and real estate, SCOA maximized diverse revenue channels.
4. Honeywell Flour Mills
• Start Price: ₦6.30
• Current Price: ₦14.50
• YTD Gain: +125%
• Market Cap: ₦112 billion
• Expanded production & diversified product lines. Tapped into Nigeria’s large consumer base and essential commodity demand.
5. Northern Nigeria Flour Mills (NNFM)
• Start Price: ₦43.90
• Current Price: ₦90.50
• YTD Gain: +106%
• Market Cap: ₦16.1 billion
• Benefited from CBN’s FX restrictions on food imports and strong focus on locally sourced grains.
What’s Driving the Surge?
1. Operational Efficiency
• Many of these companies invested in modern production, diversified product offerings, and optimized energy use.
2. Government Policies
• FX restrictions & backing for local production favored domestic manufacturers.
3. Strong Demand
• Post-COVID demand recovery, especially for essential goods, gave food processors like Honeywell & NNFM a boost.
4. Price Adjustments
• While inflation remains high, strategic price hikes helped maintain revenue even with lower volumes.
Impressive Financial Highlights
Beta Glass Plc:
• FY 2024 pre-tax profit: ₦21bn (+122.89%)
• Q4 2024 profit: ₦8.6bn (+432.78%)
• Q1 2025 profit: ₦15.2bn (+638.6%)
NNFM Plc:
• Q3 2025 profit: ₦2.3bn (+291.6%)
• 9-month pre-tax profit: ₦4.1bn (+164.37%)
Experts Weigh In
Moses Igbrude (Independent Shareholders Association):
“These companies are adjusting smartly to the evolving economic landscape. The early shocks from subsidy removal and naira float are now stabilizing.”
Eric Akinduro (Ibadan Zone Shareholders Association):
“Despite the headwinds, Nigerian manufacturers are becoming more skilled in managing inflation and forex risks. The sector’s resilience is clear.”
Outlook: Cautious Optimism
Analysts advise companies to stay vigilant:
• Risks ahead: Inflation, forex volatility, and high energy costs.
• What to do: Continue cost control, innovate products, and leverage government reforms for long-term gains.
Final Word:
The NGX manufacturing sector is on fire — with strong momentum, strategic moves, and favorable policies fueling historic growth. But sustainability will depend on how well companies navigate the tricky terrain ahead.
#NGX #Stocks #Manufacturing #InvestSmart #BetaGlass #Honeywell #NNFM #SCOA #Chellarams #NigeriaRising
The Manufacturing Magic is Real!
Five Nigerian manufacturing companies have delivered jaw-dropping returns so far in 2025 — each recording over 100% year-to-date (YTD) gains on the Nigerian Exchange (NGX)!
Here’s a breakdown of this stellar performance and what’s fueling the surge:
Top 5 Manufacturing Gainers
1. Beta Glass
• Start Price: ₦64.90
• Current Price: ₦176.70
• YTD Gain: +172%
• Market Cap: ₦106 billion
• Why? Rising demand from beverage, pharma & FMCG industries. Strategic upgrades in production & energy efficiency boosted margins!
2. Chellarams Plc
• Start Price: ₦3.70
• Current Price: ₦10.40
• YTD Gain: +181%
• Market Cap: ₦7.52 billion
• Leveraged diversified operations in industrial raw materials & consumer goods to ride the manufacturing rebound.
3. SCOA Nigeria Plc
• Start Price: ₦2.06
• Current Price: ₦4.47
• YTD Gain: +117%
• Market Cap: ₦2.9 billion
• Known for its ventures in automobile, power, and real estate, SCOA maximized diverse revenue channels.
4. Honeywell Flour Mills
• Start Price: ₦6.30
• Current Price: ₦14.50
• YTD Gain: +125%
• Market Cap: ₦112 billion
• Expanded production & diversified product lines. Tapped into Nigeria’s large consumer base and essential commodity demand.
5. Northern Nigeria Flour Mills (NNFM)
• Start Price: ₦43.90
• Current Price: ₦90.50
• YTD Gain: +106%
• Market Cap: ₦16.1 billion
• Benefited from CBN’s FX restrictions on food imports and strong focus on locally sourced grains.
What’s Driving the Surge?
1. Operational Efficiency
• Many of these companies invested in modern production, diversified product offerings, and optimized energy use.
2. Government Policies
• FX restrictions & backing for local production favored domestic manufacturers.
3. Strong Demand
• Post-COVID demand recovery, especially for essential goods, gave food processors like Honeywell & NNFM a boost.
4. Price Adjustments
• While inflation remains high, strategic price hikes helped maintain revenue even with lower volumes.
Impressive Financial Highlights
Beta Glass Plc:
• FY 2024 pre-tax profit: ₦21bn (+122.89%)
• Q4 2024 profit: ₦8.6bn (+432.78%)
• Q1 2025 profit: ₦15.2bn (+638.6%)
NNFM Plc:
• Q3 2025 profit: ₦2.3bn (+291.6%)
• 9-month pre-tax profit: ₦4.1bn (+164.37%)
Experts Weigh In
Moses Igbrude (Independent Shareholders Association):
“These companies are adjusting smartly to the evolving economic landscape. The early shocks from subsidy removal and naira float are now stabilizing.”
Eric Akinduro (Ibadan Zone Shareholders Association):
“Despite the headwinds, Nigerian manufacturers are becoming more skilled in managing inflation and forex risks. The sector’s resilience is clear.”
Outlook: Cautious Optimism
Analysts advise companies to stay vigilant:
• Risks ahead: Inflation, forex volatility, and high energy costs.
• What to do: Continue cost control, innovate products, and leverage government reforms for long-term gains.
Final Word:
The NGX manufacturing sector is on fire — with strong momentum, strategic moves, and favorable policies fueling historic growth. But sustainability will depend on how well companies navigate the tricky terrain ahead.
#NGX #Stocks #Manufacturing #InvestSmart #BetaGlass #Honeywell #NNFM #SCOA #Chellarams #NigeriaRising