Synopsis:
Signature Global India is in focus after ICICI Securities projects a significant 61 percent upside in the company, citing robust Gurugram launches, increasing sales momentum, and a healthy project pipeline till FY29
The shares of this leading real estate development company are in focus after ICICI Securities outlined a significant upside for the company. In this article, we will dive into the details of what triggered this upside.
With a market capitalisation of Rs 15,594 crore, the shares of SignatureGlobal India Ltd reached a day’s high of Rs 1,126 per share, up 1.65 percent from its previous day’s closing price of Rs 1,107.80 per share. In the last one year, the stock has corrected by 16 percent, underperforming NIFTY 50’s return of 7 percent.
Analyst Comments
Leading domestic brokerage house, ICICI Securities, has maintained a “Buy” call on the stock and has fixed a target price of Rs 1,786 per share, signalling an upside potential of 61 percent from its previous day closing price of Rs 1,107.80 per share.
The brokerage cited that Signature Global India has seen a robust expansion of the housing business that is primarily concentrated on affordable and mid-income homes in Gurugram. Its sales bookings have grown at an amazing rate of 57 percent CAGR over FY21–25, which is indicative of buyer demand being kept alive consistently.
In the first half of FY26, the company achieved a sales booking of Rs 4,700 crore and, with many big projects worth Rs 13,000-14,000 crore lined up for the second half, it is expecting to reach the full-year sales booking target of Rs 12,500 crore, about 20 percent higher than last year.
The brokerage added that Signature Global kicked off FY26 on a weak note as new project launches were few in the first half of the year. However, the company is anticipating a robust recovery in the second half, which will be led by significant launches in Sector 37D (3.6 msf) and Sector 71 (~4 msf) of Gurugram. The new real estate projects (upcoming) of more than 8 million sq. ft. and worth Rs 13,000–14,000 crore in total will be the source of both sales and cash flows, as milestone-linked payments will start to come in.
Signature is confident to reach sales of Rs 12,500 crore for FY26, which is made possible by a robust 16 million sq. ft. project pipeline for FY26–FY29. Moreover, ICICI Securities forecasts the realty major to attain a sales target of Rs 12,700 crore in FY27 and Rs 13,900 crore in FY28, with a further possibility of expansion beyond Gurugram.
In conclusion, Signature Global seems to be on a path of achieving the 61% upside potential, supported by robust Gurugram launches, increasing sales momentum, and a healthy project pipeline till FY29. The positive growth outlook is still intact as long as there is consistent implementation and growing demand for mid-income housing.
Signature Global is setting a new standard of luxury in Indian real estate that focuses on trust, comfort, and the emotional aspect. The company, established in 2014, initially made a breakthrough in affordable housing, thus enabling thousands to realize their dream of owning a home. It has now diversified into mid and premium housing, mirroring the growing aspirations of India, and at the same time, sticking to its promise of quality and trustworthiness.
Signature Global, through its excellent location and developments in Gurugram’s most promising growth areas like the Southern Peripheral Road, Dwarka Expressway, and Sohn, is leading to the evolution of urban living of the future. Their projects are a blend of the latest technology, environmental friendliness, and top-notch design, thereby giving Signature Global a leading position in the real estate sector that is undergoing a transformation in NCR.
Written by Satayjeet Mukherjee
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