CRISIL downgrades Deccan Cements to BB and A4+; company disputes move

Rating DowngradedRating JunkDebt PrepaidCredit & Debt View source PDF Explain this filing

DECCANCE · 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

+0.5%Reaction day

₹566.10

prior close

₹557.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%-1.4% vs market

Cement & Cement Products peers, median of 34sector+1.0%-0.5% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.5 pts less than its Cement & Cement Products 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

+1.4

10m

+1.0

15m

+0.4

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+1.9-1.4+1.0-0.5

Next day

+2.1+3.3-1.2+2.3-0.2

+2.0+3.5-1.5+1.7+0.3

+0.4+2.4-2.1+0.7-0.4

+0.5+3.1-2.6+2.6-2.0

+4.1+2.6+1.5+2.0+2.1

+1.4+2.1-0.7+3.0-1.6

15d

-2.1+0.9-3.1+0.0-2.2

-0.6+5.5-6.1+0.2-0.8

-0.2+8.1-8.3-4.3+4.1

-4.6+3.5-8.0-12.7+8.1

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 34Pending

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

AI summary

CRISIL downgraded Deccan Cements long-term rating from BBB/Stable to BB/Stable and short-term from A3+ to A4+, tagging the firm as Issuer Not Cooperating. The action was dated 6 July 2026 and the ratings are unverified. The company disputes the move, stating it had already paid off all term loans to banks and had communicated this to CRISIL on the same day. CRISIL did not factor in this update or confirm with the bankers.

Likely market impact

Downgrade to sub-investment grade (junk) territory may hurt sentiment, though the company disputes it, saying no term loans were outstanding.