New Delhi, July 2025.
Brokerage Firm Nuvama has maintained a BUY rating on Signature Global (India) Ltd., with a target price of ₹1,456. In its report, Nuvama has highlighted improvement in price realization both on a year-on-year basis and a quarter-on-quarter basis. As per Nuvama, average price realization during Q1FY26 rose 6% YoY and 37% QoQ to ₹16,296 per sq. ft., driven by a higher share of premium Gurugram projects.
Strong Sales Momentum and Premium Project Success
Signature Global continues to gain strong traction in the premium residential market. The launch of its premium housing project ‘Cloverdale SPR’ in Sector 71, Gurugram marked a major milestone in its premiumisation strategy.
Strategic Land Acquisition for Future Growth
The company’s business development efforts remain active. During the quarter, Signature Global acquired a 10-acre land parcel in Sohna, offering a development potential of ~0.53 million sq. ft. This reflects its strategic focus on high-opportunity micro-markets and helps maintain a strong future launch pipeline.
Execution Strength and Financial Discipline
Signature Global reported ₹26.4 billion in pre-sales during Q1FY26, a 63% increase QoQ, supported by successful launches and sustained demand. The company has maintained a healthy financial position with net debt-to-operating surplus at ~0.54x as of FY25-end, demonstrating disciplined capital allocation.
Outlook: Focus on Launches and Pre-Sales
Signature Global has maintained its FY26 guidance of ₹125 billion in pre-sales and ₹60 billion in collections, showing strong confidence in future growth. With strong sales momentum, land investments may increase to support future launches. However, with steady collections and rising profitability, free cash flow is expected to grow, and Signature Global is on track to become net-cash by FY27, according to Nuvama.
