New Delhi,
August 2025.
Signature Global (India) Ltd., one of
India’s leading real estate companies, today announced that it has received a
CARE A+ rating from credit rating agency CareEdge Ratings for its proposed
long-term Non-Convertible Debenture (NCD) issue amounting to ₹875 crore. The
company will utilise the NCD to refinance existing debt and support the
company’s ongoing business expansion.
The rating signifies a Stable outlook
and reflects the belief that Signature Global is likely to sustain its strong
sales and collection momentum from its ongoing projects.
The company’s experience in the real
estate industry, accompanied by a strong track record of having developed more
than 146 lakh square feet of residential and commercial space, has played an
important role in CareEdge Ratings assigning the CARE A+ rating.
CareEdge Ratings has also highlighted
Signature Global’s timely delivery of existing projects and anticipated
diversification across different stages of project development. It has also
factored in the growth in overall sales and collections of the company.
In FY25, the company’s bookings saw a
significant 42% year-on-year rise to ₹10,290 crore, while collections grew by
40% to ₹4,380 crore. This growth was driven by the successful launch of over
seven new projects, covering more than 100 lakh square feet. By the end of
FY25, bookings for ongoing projects stood at over 83%. According to CareEdge
Ratings, the strong booking performance is expected to support healthy
collections and strengthen the company’s cash flows in the coming years.
Based on strong sales momentum over
the last nine quarters ending March 31, 2025, the company’s inventory overhang
remains low at around two quarters, indicating steady demand and healthy pace
of unit sales.
For the remainder of FY26, the
company has debt obligations of ₹328.49 crore, which are well supported by
estimated collections of over ₹6,000 crore during the fiscal year. This
indicates that the company is well-positioned to meet its debt commitments,
reflecting a healthy liquidity position.