Signature Global (India) Ltd., one of India’s leading real estate developers, has announced that it has secured a CARE A+ credit rating from CareEdge Ratings for its proposed ₹875 crore Non-Convertible Debenture (NCD) issue. This high-grade long-term debt rating reflects the company’s stable financial outlook and is expected to bolster investor confidence in its growth trajectory.
The proposed funds raised through the NCD issuance will be strategically deployed to refinance existing debt and support Signature Global’s ongoing expansion initiatives across the residential and commercial segments.
Rating Reflects Robust Sales & Track Record
According to CareEdge Ratings, the CARE A+ rating with a Stable outlook reflects Signature Global’s continued ability to sustain strong sales and collection momentum from its active projects.
A key factor contributing to this rating is the company’s extensive experience in the real estate sector, along with a proven track record of developing over 146 lakh square feet of residential and commercial space.
CareEdge has also cited the company’s timely delivery of ongoing projects, growing diversification across project stages, and consistent performance in sales and collections as major positives that enhance its credit profile.
FY25 Sees Strong Sales, Launches, and Cash Flow
In the financial year FY25, Signature Global recorded a 42% YoY increase in bookings, reaching ₹10,290 crore, while collections rose by 40% to ₹4,380 crore. This growth was propelled by the launch of more than seven new projects spanning over 100 lakh sq. ft. across high-demand micro-markets.
By the end of FY25, over 83% of the company’s ongoing project inventory was booked, underlining strong market demand and reflecting efficient project execution.
CareEdge Ratings noted that this performance positions the company to maintain strong collections, thus ensuring robust cash flow visibility in the coming quarters.
Low Inventory Overhang Shows Steady Demand
Signature Global has consistently demonstrated healthy sales momentum over the past nine quarters ending March 31, 2025. The inventory overhang, a measure of how long it takes to sell unsold inventory, remains low at approximately two quarters, suggesting strong buyer interest and a balanced project pipeline.
Strong Liquidity Supports Future Debt Servicing
The company’s liquidity position remains solid, with debt obligations of ₹328.49 crore for FY26 expected to be comfortably serviced through estimated collections exceeding ₹6,000 crore. This indicates Signature Global’s ability to meet its financial commitments without stress, bolstering its overall credit standing.
