The rating agency highlighted the company’s sizeable receivables of over ₹19,600 crore, which provide visibility for funding the completion of ongoing projects and meeting debt obligations. The company’s upcoming development pipeline is supported by its existing land bank, providing visibility for future launches across the Gurugram region.

Signature Global currently has 45 projects under development, spanning more than 320 lakh sq ft, with nearly four-fifths of the area already sold. The company has also accelerated project launches during the current fiscal, including the Tonino Lamborghini-branded residential development in Gurugram. In addition, its office development partnership with RMZ is expected to further diversify its revenue streams.

As of June 30, 2026, Signature Global had ₹2,522 crore in cash and cash equivalents, including approximately ₹1,700 crore maintained in RERA and escrow accounts. The rating agency noted that customer collections are expected to support a substantial portion of the remaining construction expenditure, limiting dependence on external borrowings.

CareEdge Ratings expects the company to maintain healthy sales and collections from its ongoing projects. The agency also noted the company’s established presence in the region, execution track record and relationships with reputed contractors as supporting factors for its stable outlook.

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.

Steady Sales and Launches to Sustain Momentum

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.

Adequate Liquidity Position

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.