Target: ₹1,330
CMP: ₹1,233.85
SignatureGlobal India is one of the largest real estate development companies in the NCR/Delhi regions in the affordable and mid-income segments. The company has now shifted its focus to mid and premium housing and has been successful in doing so. Its ongoing portfolio stands at 10.4 million square feet (MSF) and has a 24.6 MSF of forthcoming portfolio.
Signature Global clocked pre-sales of ₹1,620 crore for the quarter, down 42 per cent q-o-q. This decline was mainly impacted by delayed launches, which were caused by approval delays and are expected to spill over into H1FY26. Pre-sales for the year stood at ₹10,290 crore, beating its guidance for the year of ₹10,000 crore.
The company continues to focus on the mid-income premium housing along with a low-cost land bank strategy to consolidate its market share. Signature’s successful transition to premium housing has sustained its sales momentum and strong operating cash flow (OCF). Its strategy of focusing on key micro markets has proven to yield good results, aided by a strong realisation surge in the Gurugram markets.
Considering Gurugram’s growth story and Signature’s ability to gain market share in these markets, we remain positive on this stock.
Published on June 4, 2025