What a company is worth in Mauritius

Why no honest table exists yet

A price benchmark needs sold prices. In Mauritius a share deal closes at a notaire, an accounting firm or a corporate-finance boutique. The price is never published.

Statistics Mauritius publishes national accounts by industry, which tells you how a sector is doing. It does not tell you what a freight forwarder in Port Louis changed hands for.

So we will not print a table of Mauritian multiples. We will show you what buyers actually reason from, and where each number comes from.

What a buyer prices, in order

Turnover is how you get onto the shelf. It is almost never what sets the price.

• Recurring profit. What the company earns in a normal year, once the owner's own drawings and one-off items are taken out.
• Customer concentration. One client at 60% of turnover changes the number more than any multiple does.
• Owner dependence. If the relationships, the pricing and the licences live in your head, a buyer is paying for a job.
• What transfers cleanly. Staff on payroll, signed contracts, leases with time left, sector licences that survive a change of shareholder.
• Assets on the balance sheet. Plant, vehicles, stock and, separately, any land or buildings the company owns.
• Working capital. What the buyer must put in on day one to keep the company running.

How a multiple works, and why the public ones are not ours

A multiple is shorthand. You take a profit measure, usually earnings before interest, tax, depreciation and amortisation, and you multiply it.

The free multiple tables you can find are built from listed companies, mostly American. A listed company is large, liquid and run by managers who stay after the sale.

A Mauritian SME is none of those things, so those figures sit above what a private company here fetches. Use them to understand the method, never as your benchmark.

The tax that shapes what a seller will accept

Two figures change the arithmetic on both sides of the table. Company profits are taxed at 15%, which is what the buyer's own return is calculated against.

A share transfer itself carries no capital gains tax in Mauritius. The exception is a company holding immovable property, where a 5% land transfer tax can arise on the seller.

This is information and not advice. Your own position belongs to your accountant, and the Mauritius Revenue Authority answers in writing.

The permit thresholds are a price floor

A large share of foreign demand for Mauritian companies comes with a residence permit attached. That makes the published turnover thresholds part of the pricing conversation.

A company that clears them has a wider pool of buyers than one that does not. That is demand, not quality, and it shows up in the price.

What we will publish, and when

Blue Mango is building the one dataset this island has never had: what companies with accounts and payroll actually sell for, by sector and size.

It is built from our own verified Listings and from the final price band a Seller gives us when he marks a company sold. Today that dataset is empty, and we say so rather than fill it with guesses.

If you want a documented indicative range now, the Price range report is Rs 4,500 and arrives within the hour. It is information, not a valuation, and a valuation is licensed work.