Signature Global Stock Poised for 43% Upside, Says Axis Securities
Brokerage firm Axis Securities has issued a ‘Buy’ recommendation for Signature Global (India) Ltd, forecasting the company’s share price to reach ₹1,780, a potential 43% upside from its last traded value of ₹1,247.35 as of market close on July 9,2025.
The report positions Signature Global as a rapidly emerging force in the real estate sector, now recognized as the fifth-largest listed player in the market. The company achieved an impressive 58% compound annual growth rate (CAGR) in pre-sales from FY22 to FY25, attributed to its diverse segment-mix and strategic presence across micro-markets.
Dominant Player in NCR with Strong Growth Outlook
With an active footprint across three key micro-markets in the National Capital Region (NCR)—Southern Peripheral Road, Dwarka Expressway, and Sohna Road—Signature Global is developing approximately 25 million square feet of projects.
Axis Securities projects that the developer’s pre-sales will continue to grow at a 19% CAGR between FY25 and FY28.
The firm has now solidified its standing as one of the top five real estate brands in NCR and among the top three in Gurugram, based on a pre-sales volume exceeding ₹100 billion. In FY25, Signature Global’s NCR market share tripled to 6%, while its Gurugram share more than doubled to 9%.
Focused on High-Demand Affordable Housing
Signature Global’s core business strategy revolves around housing units priced up to ₹4 crore (covering less than 2,500 sq. ft.), which account for roughly 60% of Gurugram’s total residential demand. Within this segment, the company has captured an approximate 20% market share, making it the largest developer in this space.
Strong Financials with Healthy Cash Flow Margins
Axis Securities expects Signature Global’s financial performance to remain solid, driven by robust collections as project execution scales up. The brokerage estimates the company will achieve 38% CAGR in both collections and operating cash flow (OCF) over the coming years.
The report also highlights that surplus internal cash generation is expected to be sufficient to fund its expansion plans, reducing dependency on external financing.
Moreover, post-tax OCF margins are forecast to remain strong at around 37%, aided primarily by the company’s efficient land acquisition strategy, where land cost contributes only 10–15% of revenues—a major competitive advantage in margin preservation.
