ICRA withdraws DCM Shriram rating, outlook Stable

What happened

In a filing with the BSE on 30 October 2026 at 07:20 PM, DCM Shriram (DCMSHRIRAM) said that ICRA has withdrawn its credit rating at ICRA A with a stable outlook.

Company snapshot

DCM Shriram is a small-cap company in the Diversified sector, with a market value of about ₹14,207 crore.

The stock last traded at ₹911.1, against a 52-week range of ₹886.3–₹1,340.6 (32.0% below the high).

Before this filing the shares had moved −3.5% over the month and −13.7% over three months. Average daily turnover over the last 20 sessions was about ₹19.51 crore.

Promoters held 66.52% at the end of Q2 FY27. Foreign institutions owned 3.98% and domestic institutions 8.32%.

What history shows

This is not the company's first credit rating disclosure: BCEIE has 2 earlier filings of this kind on record since May 2026.

Market-wide, 1,365 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 46% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• Whether other agencies take a similar view on the company's credit.
• 30 October 2026: Interim Dividend - Rs 4 Per Share.

In the news

Recent coverage elsewhere (links open the original publisher):

• DCM Shriram Q2 revenue jumps 22% to Rs 3,977 crore but profit falls on cost pressures — Indian Chemical News, 26 Oct 2026
• DCM Shriram Industries Q1 Results: Net profit falls 85% to ₹1.55 crore — scanx.trade, 19 Oct 2026
• DCM Shriram Q2 Results: Profit Drops 35% To Rs 105 Crore As Margins Shrink, Dividend Declared - Check Record Date — NDTV Profit, 26 Oct 2026
• DCM Shriram Q2 2027 Earnings Call Is Live — TradingView, 28 Oct 2026
• DCM Shriram Dividend 2026: Company announces 200% payout with Q2, Sets record date — Zee Business, 26 Oct 2026

Source

• Exchange filing (PDF)