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Tag: Signature Global

Nuvama Recommends Buying Signature Global Shares, Expects Stock to Rise Up to 35%
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Nuvama Recommends Buying Signature Global Shares, Expects Stock to Rise Up to 35%

New Delhi, March 2025.Brokerage firm Nuvama has recommended buying shares of Signature Global (India) Ltd, setting a target price of ₹1,436, which is 35% higher than the current market price. As of market closing on March 17, 2025, the stock was trading at ₹1,062.95 per share.Strong Market Position & Growth MomentumSignature Global has established itself as one of the largest real estate developers in NCR within just a decade. It started with affordable housing, gaining recognition for fast project launches and timely deliveries. Post-COVID, the company successfully shifted to premium housing, leading to 7.6 times rise in sales bookings over FY21–9MFY25.With robust cash flows and low working capital needs, Signature Global is on track to achieve net cash status. Additio...
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Signature Global shares may reach ₹2,000: Motilal Oswal
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Signature Global shares may reach ₹2,000: Motilal Oswal

Jaipur, January 03, 2025.The leading brokerage firm Motilal Oswal remains positive on Signature Global (India) Ltd. and has reiterated its BUY call on the company’s stock with a target price of ₹2,000 per share, indicating a potential upside of 50%.The company’s shares were trading at ₹1,354.25, up 2.42% at the close of trading on January 1, 2025. The total market cap stands at ₹19,489.54 crore.Brokerage Firm RecommendationsThe brokerage noted that Signature Global, with its strong presence in strategic locations inGurugram, is on track to capitalize on the ongoing demand, guided by a strong projectpipeline of 24.3msf.The brokerage firm noted that, with a projected 35% CAGR growth in pre-sales over FY24-27, the company is set to cumulatively collect ₹28,500 crore. Its s...
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Realty firm Signature Global to recognise Rs 10k cr revenue by Mar 2026
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Realty firm Signature Global to recognise Rs 10k cr revenue by Mar 2026

New Delhi, December 2024.Realty firm Signature Global is targeting to deliver 16 million square feet area to its customers by March 2026, helping the company recognise around Rs 10,000 crore revenue in the books of accounts.Signature Global is one of the leading real estate companies in the country. It has a significant presence in Gurugram.Signature Global Chairman Pradeep Aggarwal stated that the company has projected revenue recognition of Rs 3,800 crore for the current fiscal year.He mentioned that the company has already recorded revenue of Rs 1,200 crore in the first half of this fiscal and expressed confidence in comfortably achieving the Rs 3,800 crore target."We are targeting to deliver around 16 million square feet area to customers by end of the next 2025-26 ...
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Signature Global sells Rs 2,300 crore of properties of Daxin Vistas in just 10 days
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Signature Global sells Rs 2,300 crore of properties of Daxin Vistas in just 10 days

New Delhi, November 2024.Signature Global (India) Ltd., one of the country's leading real estate developers, has sold Rs 2,300 crore of properties at one of its recently launched projects – Daxin Vistas – in just ten days, the company has informed investors during earning calls post its Q2FY25 results.“In a span of about 10 days between September 20th and September 30th, we crossed about 2,300-odd crore of sales just from that one single project. The project has two key components - mid income housing in form of premium floors wherein we recorded sales in excess of about 1,300 crores in a span of about 10 days,” Mr. Rajat Kathuria, Chief Executive Officer, Signature Global (India) Ltd said during the earning call.“Daxin Vistas also offers Industrial plots. We launched Industria...
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Signature Global to exceed FY25 sales bookings target of Rs 10,000 crore on strong demand: Pradeep Aggarwal
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Signature Global to exceed FY25 sales bookings target of Rs 10,000 crore on strong demand: Pradeep Aggarwal

New Delhi, November, 2024.Realty firm Signature Global Ltd. is likely to exceed its sales bookings target of Rs 10,000 crore on strong housing demand in Gurugram property market, its Chairman Pradeep Aggarwal said.He highlighted that the company has achieved Rs 5,900 crore worth sales bookings in the first half of this fiscal."We had given a pre-sales (sales bookings) guidance of Rs 10,000 crore for the current fiscal. We were among few listed real estate developers to set such a big target," Aggarwal said.Considering the strong performance in the first six months, he said, "We are quite hopeful of over-achieving of our annual guidance."There is a strong launch pipeline for the second half of this fiscal, he said, adding the inventories in new as well as existing projec...
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Brokerage Firms Bullish on Signature Global; Issue ‘BUY’ Rating with Target Price of ₹2,000
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Brokerage Firms Bullish on Signature Global; Issue ‘BUY’ Rating with Target Price of ₹2,000

Jaipur November 15, 2024.The Leading Brokerage firms seem to be bullish on Signature Global (India). Post their (Signature Global) Q2FY25 result announcement, ICICI Securities and Motilal Oswal have given a BUY call on Signature Global stock. While ICICI Securities has maintained BUY call, with the target price of ₹2,007, Motilal Oswal has given a target price of ₹2,000 per share.The shares of the company were trading at 1298.05a piece up 3.41% at the closing hour of 14th November 2024, Thursday. The total market cap stands at 18,238.99 crore.Brokerage Firm RecommendationsMotilal Oswal has kept its BUY rating with a target price of ₹2,000 per share, indicating a 56% upside potential. The brokerage noted Signature Global's strong performance, with pre-sales of ₹27.8...
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Signature Global Achieves Record INR 59.0 billion Pre-Sales in H1FY25 with 217% YoY Growth

New Delhi, October, 2024.Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, has reported its best-ever half-year pre-sales with INR 59.0 billion in H1FY25, reflecting an impressive 217% growth year-on-year. With these pre-sales’ performance, the company has already achieved 59% of its sales guidance of INR 100 billion for FY25. These strong pre-sales performance was driven by the successful launch of a mid-income housing project in Sohna, South Gurugram, and a large group housing project on SPR Road, Gurugram. Despite the “Shradhh” period, Q2FY25 pre-sales amounted to INR 27.8 billion, a 184% increase against the Q2FY 24.The Company’s collections in H1 FY25 grew by 60% to INR 21...
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Signature Global Q1 FY25 Revenue grows 135% YoY to INR 4 billion

New Delhi, August 2024.Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135%to INR 4.0 billion compared to INR 1.7 billion inQ1 FY24. The Company’s net profit for the first quarter stood at INR 0.07 billion as against loss of INR 0.07 billion in Q1 FY24. For the quarter, the Company achieved pre-sales of INR 31.2 billion in Q1 FY25 with year on year growth of 255%. Collections for Q1 FY25 rose 102% to INR 12.1 billion compared to the INR 6.0 billion in Q1FY24. Company’s net debt reduced to INR 9.8 billion at the end of Q1 FY25 compared to INR 11.6 billion at end of FY24.Below are the Financial highlights for the first quarter ended June 30, 2024....
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