Signature Global Gets CARE A+ Rating for ₹875 Cr NCD Issue to Boost Growth

Signature Global (India) Ltd., a leading real estate developer, has received a CARE A+ rating with a Stable outlook from CareEdge Ratings for its proposed ₹875 crore long-term Non-Convertible Debentures (NCD) issue. The funds will be used to refinance existing debt and support business expansion.

The rating reflects the company’s strong sales and collection momentum, timely project deliveries, and consistent growth across residential and commercial segments. CareEdge also cited Signature Global’s robust track record, with over 146 lakh sq. ft. of developed space, and its diversification across project stages as key strengths behind the rating.

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.