Mauritian Potentially Undervalued Companies

New Mauritius Hotels

Market Cap: MU₨7.7b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

United Bus Service

Market Cap: MU₨201.8m

An investment holding company, engages in the bus fleet operation and property development businesses in Mauritius.

Velogic Holding

Market Cap: MU₨1.4b

Provides supply chain solutions in Mauritius and internationally.

Semaris

Market Cap: MU₨345.9m

Through its subsidiaries, engages in the property development business in Mauritius, Morocco, and Seychelles.

Lottotech

Market Cap: MU₨1.5b

Operates the Mauritius National Lottery on behalf of the Government of Mauritius.

Kolos Cement

Market Cap: MU₨4.3b

Engages in unloading, storing, bagging, trading, and distribution of cement and other cementitious products in Mauritius.

Excelsior United Development Companies

Market Cap: MU₨1.8b

Through its subsidiaries, engages in the beverages, financial services, property, and other diversified products sectors businesses.

Hotelest

Market Cap: MU₨872.4m

Through its subsidiary, Constance Hotels Services Limited, owns and operates a group of hotels in Mauritius, the Maldives, the Seychelles, the Rodrigues, and Madagascar.

Constance Hotels Services

Market Cap: MU₨2.1b

An investment holding company, operates and manages hotels and resorts in Mauritius, Madagascar, the Seychelles, and the Maldives.

BMH

Market Cap: MU₨2.2b

Invests in the hospitality, financial services, and commerce sectors in Mauritius and Maldives.

CIEL

Market Cap: MU₨13.4b

An investment holding company, operates in multiple business sectors in Mauritius, Madagascar, Asia, South Africa, and internationally.

Mauritius Secondary Industries

Market Cap: MU₨28.0m

Engages in the rental activity of commercial and industrial buildings.

Omnicane

Market Cap: MU₨1.2b

Generates electricity in Mauritius, Kenya, and Rwanda.

Paper Converting

Market Cap: MU₨113.0m

Engages in the manufacture and sale of tissue and toilet papers in Mauritius and internationally.

Tropical Paradise

Market Cap: MU₨541.5m

Operates hotels in Mauritius.

Ziweto Holdings

Market Cap: US$7.2m

Provides animal health, nutrition, and breeding solutions to livestock farmers in Malawi.

Beau Vallon Hospitality

Market Cap: MU₨790.4m

Owns and operates hotels.

Grit Real Estate Income Group

Market Cap: MU₨29.1m

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa).

Lavastone

Market Cap: MU₨837.0m

Acquires, develops, leases, and manages a portfolio of commercial and industrial properties in Mauritius and Rodrigues Island.

Livestock Feed

Market Cap: MU₨1.7b

Engages in processing animal feeds for animal production and aquaculture industries in Mauritius.

Grit Real Estate Income Group

Market Cap: US$29.1m

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa).

Associated Commercial

Market Cap: MU₨250.9m

Engages in the import and distribution of tyres and motor vehicle spare parts in Mauritius.

Bayport Management

Market Cap: US$125.4m

Through its subsidiaries, provides retail financial services in Botswana, Ghana, Mozambique, Tanzania, Uganda, Zambia, Colombia, and Mexico.

Innodis

Market Cap: MU₨899.9m

Engages in the production of poultry and dairy products, poultry farming, animal feed manufacturing, and distribution and marketing of food and grocery products in Mauritius, Mozambique, and Seychelles.

Phoenix Investment

Market Cap: MU₨2.7b

An investment holding company, engages in the production, bottling, and distribution of alcoholic and non-alcoholic drinks in Mauritius and internationally.

BlueLife

Market Cap: MU₨843.1m

Engages in the land promotion, property development, and hotel and leisure businesses in Mauritius.

Les Moulins de la Concorde Ltée

Market Cap: MU₨788.4m

Engages in the milling of wheat in Mauritius.

Medine

Market Cap: MU₨5.9b

Engages in the planting of sugar cane in Mauritius.

Miwa Sugar

Market Cap: US$38.2m

Engages in growing and milling of sugarcane in Kenya and Tanzania.

Lux Island Resorts

Market Cap: MU₨6.3b

Invests in and operates hotels and resorts in Mauritius, Reunion Island, and Maldives.

Morning Light Co

Market Cap: MU₨827.3m

Owns a resort hotel under the Hilton Mauritius Resort & Spa name.

Gamma-Civic

Market Cap: MU₨4.3b

An investment holding company, engages in contracting, building materials, lottery and gaming technology, hospitality, properties, and financial services in Mauritius and Madagascar.