New Delhi, August 4 – Signature Global (India) Ltd., a leading Indian real estate developer, has been awarded a CARE A+ (Stable) rating by credit agency CareEdge Ratings for its proposed ₹875 crore Non-Convertible Debentures (NCDs). The funds raised through this issuance will be used to refinance existing debt and support the company’s ongoing business expansion plans.
The Stable outlook attached to the rating reflects confidence in Signature Global’s ability to maintain its current growth momentum in both sales and collections across ongoing projects.
Strong Industry Track Record
CareEdge Ratings cited Signature Global’s extensive experience in the real estate sector and its strong delivery record. The company has developed over 146 lakh square feet of residential and commercial space to date. Its history of timely project completion and strategic diversification across various development stages were key factors influencing the positive rating.
The credit agency also pointed to consistent growth in sales and collections, alongside increasing customer confidence in the brand.
FY25 Sales and Collection Performance
In FY25, Signature Global reported a 42% year-on-year growth in bookings to ₹10,290 crore, and a 40% rise in collections to ₹4,380 crore. The strong performance was fuelled by the launch of over seven new projects spanning more than 100 lakh square feet. By the close of FY25, bookings for ongoing projects had reached 83%, underscoring strong demand.
According to CareEdge Ratings, the company’s sales momentum over the last nine quarters — ending March 31, 2025 — has helped keep inventory overhang low at around two quarters, indicating a healthy pace of unit sales.
Comfortable Liquidity and Debt Position
Looking ahead to FY26, Signature Global has scheduled debt obligations of ₹328.49 crore, which are expected to be comfortably covered by estimated collections of over ₹6,000 crore. This reflects a strong liquidity position and financial discipline, supporting the company’s long-term growth outlook.
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