AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Oct - Q2FY27 pre-sales were INR 18.3 billion; collections rose 51% QoQ to INR 10.1 billion.
Source: Bse
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.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result06 Aug, 10:23 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
33Bearishfull bear SMA stack · SMA20 -5.0% / mo · MACD + · near 52W low · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 26
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
SIGNATURED candles · FIT view-13.9%Latest close ₹718.80 on 2026-10-19
Bar
-1.5%
RSI
40
MACD hist
0.73
52W pos
5%
2026-10-19O ₹729.80H ₹743.70L ₹710.65C ₹718.80Vol 2.3L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SIGNATURENifty RealtyNifty 500
- SIGNATURE
- -10.1%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -4.5 pp
Chart stats
19 Oct 2026- From 52W high
- -37.7%
- 52W range position
- 5%
- ATR (14)
- 3.7%
- Volume vs 20D
- 0.59x
- Avg traded value
- ₹28.3 Cr
- 20D price channel
- ₹695 - ₹828
₹1,153.9
₹695 - ₹1,153.9
₹26.5
Latest completed session
20-session average
26.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST42
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -36.3% · PAT -150.0% YoY
Technical
Bearish33
Price trend and sector-relative-strength timing.
Valuation
Legacy model+70.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence55
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -36% YoY · PAT -150% YoY · margin compression
Filed 06 Aug 2026
Open results browser →| 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.
Fundamentals
Valuation
- P/E
- —
- P/B
- 5.49
- EV/EBITDA
- —
- Market Cap
- 10200.00Cr
Profitability
- ROE
- -30.30%
- ROCE
- 2.38%
- ROA
- 6.05%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 100.00%
- EPS 5Y
- 302.59%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 12.00%
Balance Sheet
- Debt/Equity
- 1.61
- Interest Coverage
- -1.64×
- Altman Z
- 0.69
- Book Value
- 132.00
Cash Flow
- FCF Yield
- 5.90%
- FCF Positive Y
- 5/5
- OCF
- 126.00 Cr
- EPS TTM
- 74.29
Shareholding
- Promoter Hold
- 69.54%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 7%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 552-50.1% vs prev
Net Profit
₹ CrLatest: -17.0-101.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 40. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~5.3% over last month) — short-term momentum negative.
- RSI(14) at 40 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
14
RS percentile
Stage 4 Downtrend
1M return
-5.0%
3M return
-10.1%
6M return
-16.5%
1Y return
-33.9%
RS 1D
+2
RS 20D
+1
Sector rank
#12
Industry rank
#18
Stage evidence
- Price is 9.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.5%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 70.2-0.48%
RS vs Nifty 50070
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · WATCHLISTValuation20/30
Growth12/25
Quality0/20
Balance Sheet0/15
Cash Flow8/10
Piotroski
4/9 (+1)
Penalties
1
Raw sum
42
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
42/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 5.9%.
- Fair-value margin of safety is positive at 70.9%.
- 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.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
—
PB
5.5
EV/EBITDA
—
ROE
-30.3%
ROCE
2.4%
FCF Yield
5.9%
Debt/Equity
1.6
MoS
+70.9%
Score movement
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.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
42
Previous: 42
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+70.9%
Previous: +70.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
42
42
42
42
42
42
42
42
42
42
42
42
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹469.72
-53.0% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹2,473.86
+70.9% MoS
PEG
—
Comparable companies
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.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MAHLIFE
Small
Mahindra Lifespace Developers Limited
Real Estate
match 165
44
24.1
9.9%
+34%
WATCHLIST
MAXESTATES
Small
Max Estates Limited
Real Estate
match 164
14
1465.0
-1.3%
-4174%
OVERVALUED
ABREL
Small
Aditya Birla Real Estate Limited
Real Estate
match 163
13
—
-2.6%
—
OVERVALUED
MANINFRA
Small
Man Infraconstruction Limited
Real Estate
match 163
43
23.1
9.2%
+37%
WATCHLIST
KALPATARU
Small
Kalpataru Limited
Real Estate
match 163
32
45.7
2.7%
-37%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-17T07:12:08.432Z
Management commentary snapshot
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.
Current business mix
FY26 Sales by Product
Latest issuer-disclosed distribution across 5 reported categories.
Group Housing67.7%
Plotted Development15.4%
Mid Income15.8%
Retail/SCO1.0%
Affordable0.2%
Growth engines
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.
Capacity and execution
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.
Tailwinds
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.
Risk radar
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
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
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.
Sector KPIs management disclosed
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).
Management forward view
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.
Thesis monitor
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.
Trust Score
55Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: 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.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
50 docs text-extracted · 21 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
16th percentile
overall median 67 · Real Estate: 28th pctile, median 61 · Small: 18th pctile, median 66
Evidence depth
Financial-only
50 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read 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.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
40
weak · capital discipline
Results
5
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 69.5%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 5.9%.
- ▸5 years of positive FCF.
Trust risks
- ▸Altman Z is 0.69.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Debt/equity is 1.61.
- ▸ROCE is low at 2.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Signatureglobal (India) Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 25 Sep - On 25 Sept 2026, acquired 194.22 acres in Gurugram; developable area 6.77 million sq ft, GDV Rs 5,500-6,000 crore.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 3 Sep - Chief Business Officer Sales & Marketing Amit Kaicker resigned effective close of business on 3 September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Newspaper Advertisement of 27th Annual General Meeting of the Company
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement Under Regulation 30 - Resignation Of Statutory Auditors Of The Material Subsidiaries Of The Company 13 Aug - Walker Chandiok resigns as statutory auditor of three material subsidiaries, citing group audit alignment.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug - Newspaper Publication of unaudited financial results (both standalone and consolidated) of the Company for the quarter ended on 30th June, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 Jul - Q1 FY27 pre-sales rose 25% QoQ to ₹19.7 billion; launched Tonino Lamborghini branded residences in Gurugram.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 24 Jun - Allotment of Equity Shares pursuant to Signatureglobal Employee Stock Option Plan 2024
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement Under Regulation 30 - Appointment Of An Independent Director 30 Jun - Bharat Bhushan appointed Independent Director for five years from 13 May 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.