Global signature secures top-tier CARE rating of A+ for issuance of Rs. 875 crore Non-Convertible Debentures
Signature Global's Strong Performance and Expansion Plans
In the bustling real estate market of India, Signature Global (India) Ltd is making waves. By the end of the financial year 2024-25, the company recorded over 83% bookings for ongoing projects, a testament to its growing popularity 1. This strong performance earned Signature Global the fifth-largest listed real estate firm by sales bookings, trailing behind industry giants like Godrej Properties and DLF 1.
With a solid financial health, Signature Global has been on an expansion spree, particularly in the Gurugram residential real estate market. The company plans to launch homes worth around Rs 6,000 crore in the July-September 2025 quarter 1. To support this growth, Signature Global aims to raise Rs 875 crore through a long-term non-convertible debenture (NCD) issue 1.
The financial health of Signature Global appears robust, as total income rose to Rs 2,637.99 crore in the last fiscal year from Rs 1,324.55 crore in 2023-24 1. The company reported a five-fold surge in consolidated net profit to Rs 34.43 crore in Q1 of FY26 from Rs 6.79 crore a year earlier. Signature Global also targets a 92% operational revenue growth to Rs 4,800 crore in FY26 and expects sales bookings of Rs 12,500 crore in the current fiscal year 1.
The strong sales momentum over the last nine quarters ending March 31, 2025, supports the statement of a healthy liquidity position for Signature Global. Collections for the company grew by 40% in FY25 to Rs. 4,380 crore, and estimated collections for FY26 are over Rs. 6,000 crore 1. This indicates a healthy liquidity position for Signature Global, which is further supported by a low inventory overhang, remaining at around two quarters, indicating steady demand and a healthy pace of unit sales 1.
CareEdge Ratings has anticipated diversification across different stages of project development for Signature Global 1. The CARE A+ rating for Signature Global's NCD has a Stable outlook, reflecting strong financial discipline and investor confidence 1. The funds from the NCD issue will be used by Signature Global to refinance existing debt and support its ongoing business expansion 1.
Signature Global has a strong track record of developing over 146 lakh square feet of residential and commercial space 1. The company benefits from strong demand in the Rs 2-4 crore housing category in Gurugram and a focused strategy on timely project launches and quality delivery to sustain growth 1.
However, risks involve high geographic concentration in Gurugram, potential cost pressures from rising land prices, and regulatory or market shifts that could affect demand or margins. Yet, current strong housing demand and good brand positioning mitigate short-term risks 4. The Rs 875 crore NCD issue rated CARE A+ reflects strong financial discipline and investor confidence, enabling Signature Global to fund its expansion and refinance existing liabilities, improving its capital structure and liquidity 1.
In conclusion, Signature Global's recent CARE A+ rating for the long-term NCD issue aligns with its ambitious growth plans in Gurugram, robust financial performance, and prudent debt management, supporting sustained business expansion.
Signature Global, the real-estate firm, aims to expand its footprint in the Gurugram residential market by launching homes worth around Rs 6,000 crore in the July-September 2025 quarter, with the intention of raising Rs 875 crore through a long-term non-convertible debenture (NCD) issue to support this growth. The company benefits from the strong demand in the Rs 2-4 crore housing category in Gurugram, implementing a focused strategy on timely project launches and quality delivery to sustain growth, simultaneously managing risks such as high geographic concentration, potential cost pressures, and regulatory or market fluctuations.
