Friday, March 04, 2022 / 05:40 AM / by Proshare Research/ Header Image Credit:  EcoGraphics

Industrial Goods Sector

The industrial goods sector was not exempted from the negative impact of the COVID-19 pandemic in 2020 as the sector experienced supply chain disruptions. The trend appears to continue as the NGX Industrial Index dipped by -2.15% in 2021

However, the overall manufacturing sector recorded an improvement in GDP figure of +4.29% in Q3 2021 from +3.49% in Q2 2021 and +3.40% growth recorded in Q1 2021 compared to -2.75% decline in full year 2020.

A cursory review of the EPS  of the Industrial Goods sector reveals that DANGCEM tops based on EPS and closely followed by BETAGLAS and WAPCO while VANLEER  and PORTPAINT lead otherwise with negative EPS. 

Table 45:  Industrial Goods Sector -EPS

A review of the PE Ratio of the Industrial Goods sector revealed that BERGER and CAP top the table while PREMPAINTS and AUSTINLAZ lead otherwise with negative figures.

Table 46:  Industrial Goods Sector -PE Ratio

DANGCEM tops the Industrial goods sector on Return on Equity (RoE) while VANLEER recorded the least ratio with a negative figure.

Table 47:  Industrial Goods Sector -ROE

DANGCEM tops Industrial Goods sector's PAT Margin as WAPCO follows on the ladder, while AUSTINLAZ and PREMPAINTS recorded the least percentage figure.

Table 48:  Industrial Goods Sector -PAT Margin