ICICI Securities has maintained a buy call on Signature Global (India) Ltd. and has further revised the target price to Rs 1905 from Rs 1707 earlier. The full report is attached for your kind perusal.
Investment Overview
Buy Rating: Signature Global India (Signature) with a revised TP of INR 1,905 (earlier INR 1,707)
Valuation: 10x FY24-26E (earlier 9x) average embedded EBITDA on sales bookings
Sales Growth: Signature has already achieved ~30% of its FY25 sales booking guidance of INR 100bn
Expansion: Entered premium group housing projects in prime areas of Gurugram.
Investment Overview
Buy Rating: Signature Global India (Signature) with a revised TP of INR 1,905 (earlier INR 1,707)
Valuation: 10x FY24-26E (earlier 9x) average embedded EBITDA on sales bookings
Sales Growth: Signature has already achieved ~30% of its FY25 sales booking guidance of INR 100bn
Expansion: Entered premium group housing projects in prime areas of Gurugram.
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