Signatureglobal (India) Limited (SIGNATURE)
Small CapReal Estate stocks · Small cap · NSE
Signatureglobal (India) Limited is a Delhi NCR-focused real estate developer specializing in affordable, mid-income, and premium housing. The company recently entered large-scale commercial development through a joint venture, expanding its portfolio beyond residential projects. It emphasizes sustainable development and digital sales.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust needs verification, price trend argues for patience, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 0/100Rev -36% YoY · PAT -150% YoY · margin compression
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹552 Cr | -36.3% | -50.1% |
| EBITDA | ₹-45 Cr | -236.4% | -180.4% |
| Operating margin | -8.0% | -1180 bps | -1300 bps |
| PAT | ₹-17 Cr | -150.0% | -101.5% |
| PAT margin | -3.1% | -701 bps | -10715 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
FY26 Sales and Collections Decline YoY, but Realization Improves Significantly; Net Debt Reduced and Operating Cash Surplus Rises. FY27 Guidance Points to Strong Recovery.
While FY26 saw a notable decline in both sales value and collections, the company achieved a substantial increase in sales realization per sqft and significantly reduced net debt. The positive operating cash surplus and ambitious FY27 guidance for presales and collections suggest a potential turnaround, but execution remains key.
FY26 Sales by Product
Latest issuer-disclosed distribution across 5 reported categories.
Entry into Premium Market
positiveSuccessfully transitioned to premium housing in 2024 with successful launches of 5 Group Housing projects with record sales value.
Large-Scale Commercial Development
positiveFormed a 50:50 joint venture with RMZ Group for a ~5.6 mn sqft mixed-use design district on SPR, Gurugram, with an indicative developable value of ~INR 14,000–15,000 crore.
Strong Project Pipeline
positiveTotal portfolio of 53.3 mn sqft saleable area, including 12.3 mn sqft ongoing, 21.2 mn sqft recently launched, and 19.8 mn sqft forthcoming projects.
Focus on Key Micro Markets
positiveStrategic focus on SPR (Sector 71), Dwarka Expressway (Sector 37D), and Sohna Corridor, fueled by infrastructure development.
New Land Additions
positiveAdded c. 2.3 mn sqft in Sohna region during FY26, a key micro market for the company.
Forthcoming Project Launches
positive19.8 mn sqft area of projects are yet to be launched over the coming 2-3 years.
Ongoing Project Deliveries
positiveAim to deliver remaining 7.0 mn sqft of ongoing projects in coming 4-5 quarters.
Infrastructure Development
positiveDwarka Expressway inaugurated in Feb’24 by Hon’ble Prime Minister; Sohna Elevated Corridor commenced in 2022.
Strong Brand Recall
positiveCompany has a strong brand recall, with a market share of 13% in NCR and 20% in Gurugram in the mid-income housing segment (INR 20 Mn to INR 50 Mn).
Digital Sales & Distribution
positive100% digitally sold projects, leveraging digital channels and a network of 2,600+ active channel partners for customer acquisition.
Regulatory Changes
neutralForward-looking statements are subject to certain risks and uncertainties like regulatory changes.
Local Political or Economic Developments
neutralForward-looking statements are subject to certain risks and uncertainties like local political or economic developments.
Technological Risks
neutralForward-looking statements are subject to certain risks and uncertainties like technological risks.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Real estate performance is best assessed YoY to account for project-specific cycles and seasonality. However, QoQ trends for Q4 FY26 are also provided, offering insight into recent momentum, which is relevant for a project-based business.
Presales (FY26)
negativeINR 82.5 bn in FY26 vs INR 102.9 bn in FY25 (down 19.8% YoY). Q4 FY26 presales were INR 15.7 bn vs INR 16.2 bn in Q4 FY25 (down 3.1% YoY).
Collections (FY26)
negativeINR 40.1 bn in FY26 vs INR 43.8 bn in FY25 (down 8.5% YoY). Q4 FY26 collections were INR 9.2 bn vs INR 11.7 bn in Q4 FY25 (down 21.4% YoY).
Average Sales Realization (FY26)
positiveStood at c. INR 15,250 per sqft in FY26 vis a vis c. INR 12,457 per sqft in FY25 (up 22.4% YoY).
Area Sold (FY26)
negativeSold 5.4 mn sqft in FY26 vs 8.3 mn sqft in FY25 (down 35% YoY).
FY27 Presales Guidance
positivePre-sales guidance is targeted with 20%+ y-o-y growth, aiming for INR 100 bn in FY27.
FY27 Collections Guidance
positiveCollections expected to grow at 25%+ vs FY26, targeting INR 50 bn in FY27.
Net Debt Management
positiveThe Company aims to keep net debt below 0.5x the projected annual operating surplus.
Revenue Recognition
positiveHigher revenue recognition anticipated from projects which are at advanced stages of completion, targeting INR 50 bn in FY27.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| FY27 Presales | INR 82.5 bn (FY26) | Achievement of INR 100 bn target, indicating recovery and growth momentum. |
| FY27 Collections | INR 40.1 bn (FY26) | Achievement of INR 50 bn target, crucial for cash flow and debt management. |
| Net Debt to Operating Cash Surplus | 0.09x (Mar 2026) | Maintenance of net debt below 0.5x operating surplus, demonstrating disciplined capital allocation. |
| Project Delivery Schedule | 7.0 mn sqft ongoing projects remaining | Timely completion of ongoing projects within the stated 4-5 quarters to enable revenue recognition. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
39BearishSMA20 -1.8% / mo · MACD −
Technical chart
SIGNATUREdaily · 1Y · AUTO-13.7%Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 51. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~1.8% over last month) — short-term momentum negative.
- RSI(14) at 51 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 31% off 52W high · 13% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Relative Strength & Trend Stage
- Price is 4.0% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.5%.
- Both 3-month and 6-month returns are negative.
Valuation & score drivers
U-Score 43 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 43 · WATCHLIST · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
WATCHLISTWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- FCF yield is supportive at 5.4%.
- Fair-value margin of safety is positive at 70.0%.
- Cash flow contributes 8/10 to the score.
Main drags
- Altman Z is 0.7, in distress territory.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 16th percentile of the scored universe and 28th percentile within Real Estate. Main check: results consistency is weak at 5/100.
Mixed Trust Lite: Promoter holding is 69.5%. Key concern: Altman Z is 0.73.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Real Estate: 28th pctile, median 61 · Small: 18th pctile, median 66
49 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 69.5%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 5.4%.
- ▸5 years of positive FCF.
Trust risks
- ▸Altman Z is 0.73.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Debt/equity is 1.61.
- ▸ROCE is low at 2.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- —
- P/B
- 6.04
- EV/EBITDA
- —
- Market Cap
- 11206.00Cr
Profitability
- ROE
- 2.79%
- ROCE
- 2.60%
- ROA
- 6.05%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 100.00%
- EPS 5Y
- 20.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 37.00%
Balance Sheet
- Debt/Equity
- 1.61
- Interest Coverage
- -1.64×
- Altman Z
- 0.73
- Book Value
- 132.00
Cash Flow
- FCF Yield
- 5.39%
- FCF Positive Y
- 5/5
- OCF
- 126.00 Cr
- EPS TTM
- 74.29
Shareholding
- Promoter Hold
- 69.54%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 20%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Real Estate, ranked by similarity
Peers
Business-comparable names in Real Estate, ranked by similarity
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.