New Delhi, August 11 – Brokerage firms Axis Capital and ICICI Securities have given a bullish outlook on Signature Global (India) Ltd. shares after the real estate developer reported robust Q1 FY26 results.
Axis Capital has maintained its ‘BUY’ rating with a target price of ₹1,780, while ICICI Securities has also retained its ‘BUY’ call, setting a target price of ₹1,742. These estimates suggest an upside potential of up to 60% from the stock’s opening price of ₹1,147.80 on August 11, 2025.
In Q1 FY26, Signature Global’s revenue more than doubled year-on-year to ₹870 crore, driven by the delivery of 1.4 million sq ft. Profit After Tax surged five-fold to ₹34.4 crore. The company reported sales bookings worth ₹2,640 crore during the quarter and has set a target of ₹12,500 crore for FY26, indicating 20% growth and aiming to maintain a 20% CAGR in the medium term.
Brokerage Insights
Axis Capital highlighted Signature Global’s 57% sales booking CAGR over FY21–25, primarily in affordable and mid-income housing projects. The brokerage sees strong growth prospects backed by steady execution and market demand.
ICICI Securities projects sales bookings of ₹13,000 crore in FY26 and ₹14,700 crore in FY27, supported by a project pipeline worth over ₹45,000 crore for FY25–28E. The brokerage also noted the potential for diversification beyond Gurugram, with new opportunities possibly emerging in New Delhi and other NCR areas under a new policy framework.
Both brokerages emphasised the company’s unique business model, which avoids large-scale land aggregation. Instead, Signature Global focuses on launching and completing projects within 4–5 years, reinvesting profits for growth, and maintaining a land bank reserve sufficient for 4–5 years at any time.
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