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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