Itemizing on the Nigerian Inventory Trade (NGX) supplies firms with quite a few advantages, together with elevated visibility, entry to capital, and enhanced credibility.
Nonetheless, not all firms select to record attributable to regulatory necessities, the price of compliance, and the necessity for transparency in {financial} reporting.
For those who do, market capitalization turns into a vital indicator of their {financial} well being and investor confidence.
In 2024, well being firms listed on the NGX demonstrated their {financial} robustness via their market capitalizations.
This metric, which displays the overall market worth of an organization’s excellent shares, supplies insights into the corporate’s measurement, stability, and market presence.
Methodology
Nairametrics ranked the highest well being firms based mostly on their market capitalization as of the tip of July 2024, utilizing the day by day abstract of the final day in July 2024, exploring their operations, histories, and positions out there.
Market Capitalization: N396,780,000
Pharma-Deko Plc, based in 1962, is a pharmaceutical firm engaged within the manufacturing and advertising of pharmaceutical and shopper merchandise.
Primarily based in Agbara, Ogun State, the corporate states that it has a various product portfolio, together with over-the-counter medicine, prescription drugs, and shopper healthcare merchandise.
Pharma-Deko claims it has a major presence within the Nigerian market and exports to different West African nations.
The corporate has said that it has remained dedicated to high quality and innovation over the many years.
On the finish of July 2024, Pharma-Deko’s market capitalization was N396,780,000, with a share value of N1.83.
