Dcm Shriram Industries Limited has informed the Exchange about Credit Rating- Revision

Credit rating downgradedRating watch negativeCredit & Debt View source PDF Explain this filing

DCMSRIND · price

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

Price reactionminutes from the announcement price · days from the prior close

+2.4%Reaction day

₹36.00

prior close

₹36.01

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+1.7% vs market

Sugar peers, median of 27sector+0.4%+2.0% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.0 pts more than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.5

15m

+0.2

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4+0.7+1.7+0.4+2.0

Next day

+4.9+1.7+3.1+2.1+2.8

+4.2+2.1+2.1+2.2+2.0

+5.0+6.4-1.4+1.8+3.2

+3.4+6.3-2.8+2.6+0.8

+13.8+8.5+5.3+4.2+9.6

+12.6+11.2+1.4+8.4+4.2

15d

+11.7+16.8-5.1+8.4+3.3

+33.3+17.9+15.5+10.5+22.8

+3.9+19.6-15.7+3.7+0.2

+3.6+28.5-24.9+6.4-2.8

UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CARE Edge Ratings has downgraded DCM Shriram Industries' credit ratings for long-term and short-term bank facilities as well as fixed deposits. Long-term ratings fell from CARE A+ to CARE A- (stable outlook), and short-term ratings dropped from CARE A1+ to CARE A2+. The ratings were also removed from Rating Watch with Negative implications, where they had been placed earlier. The revision is based on the company's operational and financial performance for FY 2024-25 and the nine months ended December 31, 2025, as well as the Composite Scheme of Arrangement approved by the NCLT.

Likely market impact

The downgrade signals deteriorating creditworthiness and may increase borrowing costs for the company. Removal from negative watch suggests the rating action is now settled, but the lower ratings indicate higher perceived risk for lenders and fixed deposit holders.