Universal Autofoundry rises on inking MoU with Kranti Industries
Universal Auto Foundry is currently trading at Rs. 65.50, up by 0.39 points or 0.60% from its previous closing of Rs. 65.11 on the BSE.
The scrip opened at Rs. 66.41 and has touched a high and low of Rs. 66.41 and Rs. 65.50 respectively. So far 6 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 167.70 on 13-Nov-2024 and a 52 week low of Rs. 53.51 on 06-Mar-2025.
Last one week high and low of the scrip stood at Rs. 66.41 and Rs. 62.20 respectively. The current market cap of the company is Rs. 82.58 crore.
The promoters holding in the company stood at 46.81%, while non-institutions held 53.19% stake in the company.
Universal Autofoundry has executed a Memorandum of Understanding (MoU) with Kranti Industries (Kranti), on October 18, 2025. The said MoU outlines a strategic collaboration between the company and Kranti for leasing and operation of the Company’s complete machine shop facilities, along with associated plant and machinery. Currently, the company has machine shops at two locations, under this arrangement, the company will bring both machine shops at one location i.e. at their Unit 3 plant located at Sargoth, Sikar District, Rajasthan. Kranti will operate and manage this consolidated machine shop, focusing exclusively on machining cast components of the company.
By bringing both its machine shops under one roof, the company will improve workflow, enhancing production capacity and quality consistency, and Accelerating delivery timelines to meet growing customer demand. Partnering with Kranti Industries, which has strong expertise in precision machining, will allow the company to focus more on its core foundry operations, while ensuring its machined products meet global quality standards. This partnership combines the company’s foundry strength with Kranti’s machining capabilities, helping both companies deliver more value to their customers and stakeholders. The MoU will be effective from January 1, 2026 for a period of 7 years, including a lock-in period of 3 years, and is subject to execution of definitive agreements between the parties.
Universal Autofoundry is engaged in the manufacturing of & sales of C.I. Castings. It manufactures castings components in Grey Iron and S.G. (Ductile) Iron, primarily for automotive sector.
