Buy Signature Global; target of Rs 2000: Motilal Oswal

Motilal Oswal's research report on Signature Global

Signature Global (SIGNATUR), with its strong presence in strategic locations in Gurugram, is on track to capitalize on the ongoing demand, guided by a strong project pipeline of 24.3msf. With a projected 35% CAGR growth in pre-sales over FY24-27, the company is set to cumulatively collect INR285b. Its strategic shift from the affordable to mid/mid-premium segment is expected to drive a strong cumulative OCF of INR95b. This will enable the company to turn net cash positive and reinvest in land to fuel future growth.

Outlook

We reiterate our BUY rating with a TP of INR2,000/share, indicating a 50% upside potential.

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Signature Global - 02012025 - moti