Axis Capital, ICICI Securities See Up to 60% Upside in Signature Global Stock After Strong Q1FY26 Performance

New Delhi, August 11, 2025: Brokerage firms Axis Capital and ICICI securities have recommended ‘BUY’ on Signature Global (India) Ltd. following the company’s robust performance in the first quarter of the financial year.

Axis Capital has maintained a Buy call with a target price of INR 1,780 while ICICI Securities has set a target of INR 1,742, indicating a potential rise of up to 60 per cent in the stock prices.

Signature Global’s stock opened at INR 1,147.80 per share on Monday in early trading hours.

During the first quarter of this fiscal, the company’s revenue more than doubled YoY to INR 870 crore driven by the delivery of 1.4 mn sq ft while PAT surged five-fold to INR 34.4 crore.

Brokerage Firm Recommendations

Axis Capital has maintained its BUY rating and has maintained the target price of INR 1,780, suggesting the stock could increase by 60 per cent.

The brokerage firm noted that Signature Global has delivered 57 per cent sales booking CAGR over FY21–25 largely through affordable/ mid-income housing projects.

During Q1FY26, Signature Global recorded sales bookings of INR 2,640 crore and is targeting INR 12,500 crore for FY26, reflecting a 20 per cent growth. It is targeting to maintain a 20 per cent CAGR over the medium term.

ICICI Securities has also maintained its BUY rating with a target price of INR 1,742 per share, suggesting a 57 per cent upside potential.

With a project pipeline of over INR 45,000 crore for FY25–28E, ICICI Securities expects Signature Global to achieve sales bookings of INR 13,000 crore and INR 14,700 crore in FY26 and FY27, respectively.

“The company sees scope for diversification beyond its established market presence in Gurugram and keenly awaits any new policy framework. This would entail many areas opening up in the city of New Delhi and NCR, where greenfield development is possible,” ICICI Securities said in its report.

Signature’s business model is unique. The company does not operate as a land aggregator; instead, it focuses on launching and completing projects within four to five years, reinvesting the surplus for growth, and maintaining a land bank reserve sufficient for four to five years at any given time, the brokerage firm noted.