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MM Forgings acquires CAFOMA Autoparts

18 Oct 2021 Evaluate

MM Forgings (MMF) has acquired CAFOMA Autoparts (CAFOMA) for a sum of Rs 28 crore in cash and Rs 5 crore of debt. CAFOMA is amongst the large independent suppliers of machined Crankshafts catering to the tractor and industrial segments. CAFOMA has a capacity to produce 15,000 crankshafts per month. CAFOMA is presently machining 5,000 crankshafts per month on job work basis.

The company expects to unlock synergies by supplying forged crankshafts to CAFOMA. Thus, MMF-CAFOMA is expected to become a full-fledged supplier of machined crankshafts to various sectors including automotive, commercial vehicles, exports, farm equipment, industrial and marine applications, etc.  Along with investments at MMF’s own facilities and the acquisition of CAFOMA, MMF’s machining capacity of crankshafts will be enhanced to 25,000 crankshafts per month in South India. With these, a significant presence in South India will be established.

MM Forgings engages in the manufacture and sale of iron and steel forgings in India. The company offers steel forgings in raw, semi-machined, and fully machined stages in various grades of carbon, alloy, micro alloy, and stainless steels.

MM Forgings Share Price

470.00 -0.95 (-0.20%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharat Forge 2042.55
Ramkrishna Forgings 587.50
MM Forgings 470.00
Happy Forgings 1466.45
Balu Forge Industrie 448.35
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