SignatureGlobal share price: Axis Securities sees over 40% upside in this multibagger realty stock

SignatureGlobal: A Rising Star in Real Estate

SignatureGlobal (India) Ltd., a prominent player in the affordable and mid-income housing segment, is increasingly capturing investor attention. On Thursday, Axis Securities released a bullish note on the stock, assigning a ‘Buy’ rating with a target price of ₹1,330, implying a potential upside of over 40% from its previous close of ₹940.

The real estate firm, which was listed on the bourses in September 2023, has delivered multibagger returns in a relatively short period. As per the brokerage, the company's strong execution capabilities, robust pre-sales growth, asset-light business model, and scalable land bank make it an attractive long-term bet.

Stock Performance and Market Context

SignatureGlobal's stock has surged over 125% since its IPO, outperforming broader indices and several sectoral peers. The Nifty Realty Index has shown resilience in 2025, supported by strong housing demand, policy reforms, and low unsold inventory.

The stock closed at ₹940 on the NSE on Wednesday, up nearly 5% in the last five trading sessions. Its market cap now stands at approximately ₹13,000 crore.

Axis Securities: Investment Thesis

In its detailed report, Axis Securities outlined several growth levers for SignatureGlobal:

• Consistent Pre-Sales Growth: The company recorded pre-sales of ₹6,525 crore in FY24, up 61% YoY. It aims to cross the ₹10,000 crore mark by FY26.

• Asset-Light Strategy: With nearly 90% of land under the Joint Development Agreement (JDA) model, SignatureGlobal minimizes capital intensity and enhances return ratios.

• Expanding Market Share: The company commands a 41% share in the Gurugram affordable housing segment and continues to strengthen its footprint in the Delhi-NCR region.

• Timely Deliveries: SignatureGlobal delivered approximately 6.4 million sq. ft. of projects till FY24, showcasing its execution strength.

“SignatureGlobal has a well-diversified portfolio and solid visibility on future launches. Its scalable land bank and customer-centric approach support our positive outlook,” said Axis Securities in the report.

Financial Snapshot

The company has shown strong financial performance in recent quarters.

• Revenue stood at ₹1,520 crore in FY24, a growth of 48% YoY.

• EBITDA margin improved to 17.6% compared to 13.2% in FY23.

• Net profit came in at ₹102 crore for FY24, compared to a net loss of ₹58 crore in FY23, indicating a turnaround.

• Debt-to-equity ratio reduced from 1.4x to 0.9x during the same period, reflecting prudent financial management.

Sectoral Tailwinds Boost Sentiment

India's real estate sector is witnessing a revival, aided by strong demand across housing segments, declining interest in gold and fixed deposits, and growing urbanization. The government's continued push for affordable housing through schemes like PMAY (Urban) also supports companies like SignatureGlobal.

According to a report by Knight Frank, residential sales in India’s top eight cities grew by 21% YoY in H1CY25, with NCR contributing significantly. Gurugram, in particular, saw a 28% surge in new launches and strong absorption rates.

What Sets SignatureGlobal Apart?

While several developers operate in the NCR belt, SignatureGlobal’s strategy of combining affordable pricing with quality execution has helped build customer trust. The company follows an integrated approach—from land acquisition to sales and after-sales service—which enhances operational efficiency.

Moreover, its focus on sustainability and compliance with RERA norms adds to its brand equity. SignatureGlobal has also increased its digital outreach and CRM integration to drive faster inventory turnover.

Investor Outlook: Multibagger Potential?

Many market participants see SignatureGlobal as a structural growth story. With improving profitability metrics, strong brand recall, and rising demand in core geographies, analysts suggest the stock may offer long-term wealth creation opportunities.

“The stock is trading at a reasonable valuation of 33x FY26E EPS, considering its historical performance and future growth visibility,” said Ravi Singh, Senior Analyst at HDFC Securities. “We expect consistent margin expansion and volume growth going forward.”

However, experts advise investors to monitor execution risks, regulatory approvals, and any macroeconomic headwinds like interest rate hikes or input cost pressures.

SignatureGlobal’s transformation from a niche affordable housing developer to a recognized realty brand in NCR is a testament to its strategic clarity and executional strength. With Axis Securities projecting a 40%+ upside, the stock is likely to remain on the radar of institutional and retail investors alike.

As real estate continues its upward march in India, companies like SignatureGlobal that blend financial discipline with growth ambition could offer compelling value in the medium to long term.