DCM Shriram Limited has received reaffirmed credit ratings from ICRA Limited for its various long-term and short-term fund-based and non-fund-based facilities. The ratings, effective August 31, 2026, cover multiple credit instruments totaling over ₹2,876 crore, reaffirming the company’s stable financial outlook and creditworthiness. The company has also made its rating update available on its investor relations website.
Credit Ratings Reaffirmed by ICRA
DCM Shriram Limited has announced that ICRA Limited has reaffirmed its credit ratings for a significant portion of the company’s credit facilities. This update, effective August 31, 2026, signifies continued confidence in DCM Shriram’s financial standing and operational stability.
Key Facilities and Ratings
The reaffirmed ratings cover a substantial amount of ₹2,876.82 crore across various categories:
- Long-term fund-based (Term Loan): Amounting to ₹1019.82 crore, reaffirmed with an [ICRA]AA+ (Stable) rating.
- Long-term fund-based (Cash credit): Amounting to ₹1349.00 crore, reaffirmed and assigned for an enhanced amount with an [ICRA]AA+ (Stable) rating.
- Short-term – Fund based (WCDL): Amounting to ₹100.00 crore, reaffirmed with an [ICRA]A1+ rating.
- Short-term non-fund based limits: Amounting to ₹1500.00 crore, reaffirmed and assigned for an enhanced amount with an [ICRA]A1+ rating.
- Long term / Short term Unallocated limits: Amounting to ₹17.96 crore, reaffirmed with [ICRA]AA+ (Stable) / [ICRA]A1+ ratings.
- Commercial Paper Programme: Amounting to ₹120 crore, reaffirmed with an [ICRA]A1+ rating.
- Fixed Deposits Programme: Amounting to ₹40 crore, reaffirmed with an [ICRA]AA+ (Stable) rating.
Notably, a previous rating assigned for ₹700 crore of commercial paper was withdrawn by the company, with a rating for ₹580 crore now being reflected in the updated assessment.
Further Information
DCM Shriram has made this intimation available on its website at https://www.dcmshriram.com/investors/notice for interested parties.
Source: BSE
