ICICI Securities has reaffirmed its buy rating on Signature Global (India) Ltd, with a target price of ₹2,058 per share, highlighting the company’s strong sales growth and expansion prospects.
The brokerage values Signature Global at 9x FY25–27E average embedded EBITDA of ₹33.3 billion, with an EBITDA margin of 30%. The company has demonstrated robust sales momentum, achieving ₹87 billion in sales bookings for 9MFY25, driven by the Titanium project in Sector 71, Gurugram, and the Daxin Vistas project in Sohna, Gurugram.
ICICI Securities projects a 21% sales booking CAGR over FY24–27E, with annual sales bookings in the range of ₹110–130 billion over FY25–27. Additionally, Signature Global is actively evaluating diversification beyond its stronghold in Gurugram, with potential expansion depending on the emergence of a new policy framework in New Delhi.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
