CARE downgrades DCM Shriram ratings; removed from negative watch

Rating DowngradedCredit & Debt View source PDF

DCMSRIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.7%1-day move

₹37.50

prior close

₹38.68

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.8-2.9-2.2-2.1-0.7+9.3+5.9+8.1+6.7+5.1+14.7+24.2+6.5+9.9

Up moveDown movePending

AI summary

CARE Edge Ratings downgraded DCM Shriram Industries' long-term bank facilities from CARE A+ to CARE A- (Stable) and short-term from A1+ to A2+. Fixed deposit programme also cut to CARE A-; Stable from A+. All removed from Rating Watch with Negative Implications. Total rated facilities at Rs. 452.79 crore. Revision based on FY25 and 9MFY26 performance and NCLT-approved Composite Scheme of Arrangement.

Likely market impact

Credit downgrade may raise borrowing costs and weigh on stock. Stable outlook and exit from negative watch limit further downside risk.