Mauritian Potentially Undervalued Small Caps

United Bus Service

Market Cap: MU₨201.8m

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

Excelsior United Development Companies

Market Cap: MU₨1.7b

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

Velogic Holding

Market Cap: MU₨1.4b

Provides supply chain solutions in Mauritius and internationally.

Lottotech

Market Cap: MU₨1.4b

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

Mauritius Secondary Industries

Market Cap: MU₨28.0m

Engages in the rental activity of commercial and industrial buildings.

United Basalt Products

Market Cap: MU₨1.2b

Manufactures and sells building materials primarily in Mauritius, Sri Lanka, and Réunion.

Paper Converting

Market Cap: MU₨115.0m

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

Miwa Sugar

Market Cap: US$31.8m

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

Lavastone

Market Cap: MU₨823.4m

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

Beau Vallon Hospitality

Market Cap: MU₨699.1m

Owns and operates hotels.

Quality Beverages

Market Cap: MU₨709.6m

Manufactures and distributes beverages in Mauritius.

Livestock Feed

Market Cap: MU₨1.6b

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

Associated Commercial

Market Cap: MU₨250.9m

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

Phoenix Investment

Market Cap: MU₨2.5b

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₨808.5m

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

Innodis

Market Cap: MU₨822.8m

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.