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Honeywell Flour Mill Plc (NGX: HONYFLOUR) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

Honeywell Flour Mill Plc (HFMP) is a major flour milling company in Nigeria. The company processes and packages flour and livestock feeds from wheat. The Company’s products are used in the baking and confectionary industries.

What is Honeywell Flour Mill Plc

The history of Honeywell Flour Mill Plc started in 1985 when it was initially registered as Gateway Honeywell Flour Mills Ltd. In June 1995, a change in the company’s ownership structure led to a change of name to Honeywell Flour Mills Limited (HFML).

Honeywell Flour Mill Plc

Honeywell Flour Mills PLC is part of the Honeywell Group, which is a Nigerian conglomerate engaged in select businesses in key sectors of the Nigerian economy, namely Foods & Agro-Allied, Energy, Real Estate, Services, and Infrastructure.

The entry of the company into the flour milling industry in Nigeria redefined industry standards as its high quality compelled an improvement in the quality of flour products. Honeywell Flour Mill Plc has over the years established itself as a market leader in milling, processing and packaging of flour and other wheat based products.

The company became a public liability company in 2009 and was listed on the Nigerian Stock Exchange (NSE).

Today, Honeywell Flour Mill Plc has a diversified portfolio in more sectors of the value chain and renders the following products:

  • Honeywell Superfine Flour
  • Honeywell Wheat Meal
  • Honeywell Semolina
  • Honeywell Noodles
  • Honeywell Pasta
  • Honeywell Composite flour
  • Honeywell Brown Flour

Honeywell Flour Mill

Honeywell Flour Mill Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol HONYFLOUR.

Honeywell Flour Mill Plc presently has wheat storage capacity of 72,900 MT while monthly usage varies from 32,000 MT to 40,000 MT. Its finished products warehouse has a capacity to hold about 100,000 bags of 50 kg flour.

In 2004, Honeywell Flour Mills PLC received the NIS quality award for its Superfine Flour. In 2006, it became the first flour mill in Nigeria to be awarded the NIS ISO 9001:2000 certification in recognition of its quality management systems, covering processes and production.

In 2007, the company was also awarded the Mandatory Conformity Assessment Programme (MANCAP) by the Standards Organisation of Nigeria (SON) in recognition of the quality of its Semolina brand.

As a result of these awards, the flour and semolina brands carry the NIS ISO 9001:2000 and MANCAP logos respectively as symbols of quality.

Honeywell Flour Mill Plc has its headquarters at NPA Premises, 2nd Gate Bye-Pass, Tin-Can Island Port, Apapa, Lagos, Nigeria.

Honeywell Flour Mill Plc forms part of the Foods & Agro Allied Industry and the Consumer Goods Sector.

Honeywell Flour Mill Plc Stock Performance

The current price for Honeywell Flour Mill Plc stocks is 3.40 Nigerian Naira (NGN). The company has a total market capitalisation of 27B NGN with a P/E ratio of 10.97 and earnings per share of 0.31 NGN. A total of 7.93B shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Honeywell Flour Mill Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Honeywell Flour Mill Plc, analysts forecast further improved performance with market share growing as trading volumes increase.

Honeywell Flour Mill - How To Trade

Highlights of Honeywell Flour Mill Plc in 2021

Honeywell Flour Mill Plc started the year with a share price of 1.20 NGN, and it has gained 183 % in value on its price valuation, ranking fourth on the NGX where year-to-date performance is concerned.

Honeywell Flour Mill Plc is currently the fourth most-traded stock on the NGX and it has experienced a total trading volume of more than 801 million shares, which were finalized in 7,196 deals and were valued at a total of 2.96 billion NGN over three months, with an average of 12.7 million shares in each trading session.

The highest volume shares traded on one single day was 5,214,367.

How to buy Honeywell Flour Mill Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade Honeywell Flour Mill Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “HONYFLOUR”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2021, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.