Signature Global Gets CARE A+ Rating for Rs 8.75-Billion NCD Issue

04 Aug 2025 CW Team

Signature Global (India), a leading real estate company, has received a CARE A+ rating with a Stable outlook from CareEdge Ratings for its proposed long-term Non-Convertible Debenture (NCD) issue of Rs 8.75 billion. The funds will be used to refinance existing debt and support business expansion.

The rating reflects the company's steady sales and collections, backed by over 146 lakh sq ft of developed residential and commercial space, timely delivery of projects, and diversification across project stages.

In FY25, Signature Global recorded a 42 per cent year-on-year increase in bookings to Rs 102.9 billion and a 40 per cent rise in collections to Rs 43.80 billion. This performance was driven by the launch of over seven new projects spanning 100 lakh sq ft. Bookings for ongoing projects stood at over 83 per cent by year-end, with inventory overhang remaining low at around two quarters, indicating strong demand.

For the remainder of FY26, the company has debt obligations of Rs 328.49 crore, supported by estimated collections of over Rs 60 billion, signalling a healthy liquidity position.

“The CARE A+ rating reaffirms our financial strength and consistent operational performance,” the company stated.

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