Signatureglobal (India) Limited has informed the Exchange about Investor Presentation
Date: 10th February, 2025
The Manager BSE Limited Corporate Relationship Department, 1st Floor, New Trading Ring, Rotunda Building Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001
The Manager National Stock Exchange of India Limited Listing Department Exchange Plaza 5th Floor, Plot no C/1, G Block Bandra Kurla Complex Bandra (E), Mumbai – 400 051
Scrip Code : 543990
Symbol : SIGNATURE
Subject: Investors Presentation
Dear Sir/Madam,
Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Presentation proposed to be made in the scheduled Investors/Analysts call to be held on Tuesday, 11th February, 2025 at 11:00 A.M. (IST).
The same is also being uploaded on the Company’s website at www.signatureglobal.in.
Kindly take the above information on your record.
Thanking You,
For SIGNATUREGLOBAL (INDIA) LIMITED
LALIT KUMAR AGGARWAL VICE CHAIRMAN AND WHOLE TIME DIRECTOR
Encl: A/a
SIGNATUREGLOBAL (INDIA) LIMITED CIN: L70100DL2000PLC104787 Regd. Off : 13TH FLOOR DR. GOPAL DAS BHAWAN, 28 BARAKHAMBA ROAD, CONNAUGHT PLACE, NEW DELHI- 110001 Phone: 011-49281700 Corp. Off. : UNIT NO.101,GROUND FLOOR, TOWER-A, SIGNATURE TOWER, SOUTH CITY-1 GURUGRAM HR- 122001Phone: 0124-4398011
E-mail: compliance@signatureglobal.in, Website: www.signatureglobal.in
SIGNATURE GLOBAL
9M’FY25 INVESTOR PRESENTATION
February 2025
Disclaimer
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation . This Presentation may not be all inclusive and may not contain all of the information that you may consider material . Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward- looking statements.
SignatureGlobal (India) Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
Favorable Macro Environment
Operating Highlights
Strategy & Portfolio
Financial Snapshot
Company Overview
3
Positive amendments in the recent budget to improve housing affordability
Income outpaces property, boosting affordability in 2.5 decades
Affordability boosts savings, fueling real estate demand
50.0
40.0 n o
i l l i
B 30.0 0 0 0
'
. s R 20.0
10.0
49.6
47.4
45.1
CAGR 11%
24.4
24.7
22.9
27.9
38.4
38.5
23.1
22.5
21.4
33.0
19.4
34.8
29.7
15.1
13.2
15.9
14.2 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23
Affordability equals property prices by annual income
Source: HDFC Limited Mar 2023
Household sector savings
* Savings in physical assets
Source: MOSPI, National Accounts Statistics, CRISIL MI&A
* Savings in physical assets does not include savings in the form of gold and silver ornaments
Macro Impact
Positive budgetary announcements
We are witnessing the best affordability in 2.5 decades where despite rising
Following initiatives in the budget 2025 to improve housing affordability:
property prices, faster income growth has improved affordability
Faster income growth has resulted in increasing gross domestic savings
While the gross households savings have grown at a CAGR of 9% in the last decade, it has driven the growth of savings in physical assets at a CAGR of 11%
Reduction in the income tax slabs for earnings up to Rs. 12 lakhs, will increase disposable income for households, making homeownership more accessible and drive demand
Allowing the occupation of two properties and maintaining a nil
valuation will provide investment incentives to property owners
RBI rate cut post May 2020 strengthens demand for mid-income housing
RBI rate cut by 25 basis points post May 2020
The expansion of residential lending in India is expected to continue…
11.00%
10.25%
9.50%
9.00%
9.00%
8.25%
9.00%
7.00%
e t a R k n a B
5.00%
3.00%
7.00%
6.75%
6.25%
6.75%
6.50%
6.15%
5.65%
4.65%
4.25%
n o
i l l i
B
. s R
30,000
25,000
20,000
15,000
10,000
5,000
-
2 1 - b e F
2 1 - g u A
3 1 - b e F
3 1 - g u A
4 1 - b e F
4 1 - g u A
5 1 - b e F
5 1 - g u A
6 1 - b e F
6 1 - g u A
7 1 - b e F
7 1 - g u A
8 1 - b e F
8 1 - g u A
9 1 - b e F
9 1 - g u A
0 2 - b e F
0 2 - g u A
1 2 - b e F
1 2 - g u A
2 2 - b e F
2 2 - g u A
3 2 - b e F
3 2 - g u A
4 2 - b e F
4 2 - g u A
5 2 - b e F
Source: RBI
Source: RBI
Outstanding housing credit by commercial banks, India
18.00%
15.00%
12.00%
9.00%
6.00%
3.00%
0.00%
Outstanding housing credit (Rs. Billion)
as a % of GDP in current prices (right)
Low penetration implies room for growth
RBI’s Monetary Policy update
Mortagage as a % of Nominal GDP
100%
80%
60%
40%
20%
0%
49%
52%
44%
34%
39%
11%
18%
20%
Source: HDFC Limited Mar 2023
91%
84%
69%
The Reserve Bank of India rate cut has come after the last rate reduction in May 2020 is expected to have a positive impact on the real estate sector, making home loans affordable
Mortgage penetration in India is far lower than other emerging economies which is expected to improve going forward owing to formalization of credit, rapid urbanization, higher proportion of young population and government measures to push housing
Favorable Macro Environment
Operating Highlights
Strategy & Portfolio
Financial Snapshot
Company Overview
6
The Company sold >3,500 units at an average ticket size of INR 25.0 Mn during 9M’FY25
Strong Sales Performance
Growing Sales Realizations
•
•
•
•
•
•
•
INR 27.7 bn in Q3’FY25 vs INR 12.6 bn in Q3’FY24, registering 120% growth;
INR 86.7 bn in 9M’FY25 vs INR 31.2 bn in 9M’FY24, registering 178% growth;
During 9M’FY25, strong sales performance was driven by the sales in project Titanium SPR, Township projects DAXIN and City of Colors and Twin Towers;
Achieved c.87% of the sales guidance for the FY25;
Achieved trailing 12 months pre-sales of INR 128.2 bn
Strong tailwinds across the region leading to sustainable growth;
For Q3’FY25, the average sales realization stood at INR 11,124 per sqft, has normalized to our core area of operation – the mid income segment;
• Overall, for the period of 9M’FY25, average sales realization stood at c. INR
12,565 per sqft in vis a vis c. INR 11,762 per sqft in FY24.
Robust Collections
•
•
•
INR 10.8 bn in Q3’FY25 vs INR 7.7 bn in Q3’FY24, registering 40% growth;
INR 32.1 bn in 9M’FY25 vs INR 20.9 bn in 9M’FY24, registering 54% growth;
Achieved c.53% of the collection guidance for the FY25.
100
50
0
15,000
10,000
5,000
0
40
30
20
10
0
Sales in Rs. Bn
86.7
72.7
31.2
FY'24
9M'FY24
9M'FY25
Sales realization in INR Per sqft
11,762 12,565
7,886
4,744
FY22
FY23
FY24 9M'FY25
Collections in Rs. Bn 31.1
32.1
20.9
FY'24
9M'FY24
9M'FY25
Portfolio addition of ~2.9 Mn sqft during the 9M’FY25 in focus micro markets
Operating Cashflow before Investment in Land1
•
Achieved an Operating Cash Surplus before Investment in Land of INR 12.1 bn in 9M’FY25;
• Operating cash surplus of c. 38% of collections during 9M’FY25 (36% in
9M’FY24);
• Growth of 59% y-o-y in operating surplus.
• Delivered housing projects totaling to c. 13.5 mn sqft
40
30
20
10
0
32.1
12.1
21.0
7.6
9M'FY24
9M'FY25
Collections
Operating surplus
Recent launch, 13.5
Growing Business Portfolio
Business Development3
•
•
•
•
•
•
46.3 mn sqft portfolio of Saleable Area with c. 11.2 mn sqft ongoing2, c. 13.5 mn sqft of recent launches and 21.63 mn sqft forthcoming projects
Aim to deliver ongoing projects in coming 5-6 quarters
Forthcoming projects to be launched between over the coming 2-3 years
Ongoing, 11.2
Portfolio
Forthcoming, 21.6
During 9M’FY25, the company has added c. 2.9 mn sqft at the strategic location of Sector 37D
Part of the projects in Sector 88A has been converted from JDA to Owned
Key focus on consolidation in 3 micro markets – SPR, Dwarka Expressway and Sohna Corridor
Business Development
Estimated Saleable Area3 (in mn sqft)
Sector 37D , Gurugram
2.9
1Operating surplus before land advance/ acquisition, which reflect the surplus post construction expenses, selling, general and administrative expenses and taxes adjusted from collections 2Total project area for ongoing projects is 15.3 mn sqft for which partial OC is received in DDJAY floors projects for 4.1 mn sqft, hence, remaining area for completion of ongoing projects is 11.2 mn sqft 3Saleable Area potential for forthcoming projects including new portfolio additions is based on best estimates as per the current zoning regulations
Launches1
160
135
INR Bn
160
120
80
40
0
42
FY24A
FY25E
9M'FY25A
New launches were made across various price points in key micro markets
Collections
INR Bn 160
120
80
40
0
60
31
32
FY24A
FY25E
9M'FY25A
The company anticipates the operating surplus of >40% of collections Achieved c.53% of the guidance in 9M’FY25
A: Actual; E: Estimated 1Estimated booking value of the projects launched or proposed to be launched
FY25 annual guidance
Pre-Sales
100
87
73
INR Bn 160
120
80
40
0
FY25E
FY24A
9M'FY25A The company has witnessed a strong subscription rate on the project launches.. Achieved c.87% of the guidance in 9M’FY25
Revenue recognition
38
20
12
INR Bn 160
120
80
40
0
FY24A
FY25E
9M'FY25A
The company aims to focus on completions yielding into higher revenue recognition for the coming year
Pro Forma P&L on FY25 Guidance
Particulars
FY24
FY25E
INR Bn
%
INR Bn
%
Pre Sales
Embedded EBITDA
- D&A
- Finance Cost
72.7
23.3
0.22
2.2
32%
100.0
35.0
0.22
2.0
35%
Embedded PBT
20.8
29%
32.8
33%
Tax rate ( assumed rate 25.2%)
5.3
8.3
Embedded PAT
15.6
21%
24.5
25%
Growth in Sales with better margins
E: Estimated *Finance cost is assumed to be the interest payments expected to incur in FY25
Favorable Macro Environment
Operating Highlights
Strategy & Portfolio
Financial Snapshot
Company Overview
11
Focus across three distinct micro markets fueled by world class infrastructure
THREE FOCUS AREAS
1) Sector 71 17.0 mn sqft1
Proximity to all prime areas of Gurugram; red light free to Golf Course Road in future
2) Sohna Elevated Corridor 7.0 mn sqft1
Commenced in 2022; Closer to Cybercity and MG Road than parts of Gurugram
3) Sector 37D 6.5 mn sqft1
Dwarka Expressway inaugurated in Feb’ 24 by Hon’ble Prime Minister
1Saleable Area potential for forthcoming projects in the focus area - based on best estimates as per the current zoning regulations
Ongoing projects
Proposed Metro Line across our projects
Sustained supply in all major key micro markets
Premium Residencial Development
Township Development
Sector 37D
Deluxe - DXP • 1st Group Housing project,
launching 1,000 units
• Received generous response with 5.4x applications for every unit launched
Sector 71
Titanium SPR
• Stepping up in the premium market with 2nd Group launching Housing project, 600+ units
• Strong sales velocity
achieved
Sector 84
Twin Tower DXP
• Residencies with 45 storeys
high rise structure
• Offers seamless connectivity to National Highway 8, Central Southern & Peripheral Roads & Golf Course Extension Road
Sohna Corridor
• Forayed
Daxin into developments Acres
• c.125
gated of residential floors, amenities,
township with Low-rise retail and industrial plots
Manesar
City of Colours
township with greenery clubhouse;
&
gated tranquil exclusive
• Offering
residential, commercial & industrial plots
large format
• c.129
Acres
of
March - 2024
June - 2024
September - 2024
September - 2024
October- 2024
Journey from an aspirational brand to serving the premium segment
Successful launch of Township – Daxin Vistas
Township Project – Daxin Vistas – Commercial spaces for Retail segment
Township Project – Daxin Vistas – DDJAY residences with modern amenities
Township Project – Daxin Vistas – Industrial/IT-ITeS office spaces
Township Project – Daxin Vistas
The Company has successfully entered into large township developments
Successful deliveries in recent times gives confidence to customers
SG Park, Sohna
Orchard Avenue – Sector 93, Gurugram
Orchard Avenue 2 – Sector 93, Gurugram
Golf Greens – Sector 79, Gurugram
Roselia, Sector 95A, Gurugram
Serenas, Sohna
Grand Iva, Sector 103, Gurugram
Prime – Sector 63A, Gurugram
Snapshot of Ongoing Portfolio; Aim to be delivered in coming 5-6 Quarters
Number of Projects
Land (in acres)
Saleable Area1 (in mn sqft)
Sold Area (%)
Sold Value (INR bn)
Category Wise Share of 11.2 mn sqft Ongoing Portfolio1
6
8
5
4
42.4
91.6
41.6
13.3
4.3
5.9
0.6
0.4
97.7%
18.6
96.4%
64.3
97.4%
17.2
63.5%
3.7
Others 3.6%
Mid Income - Sohna 5.4%
Affordable 38.4%
Category
Affordable
Mid Income - Gurugram
Mid Income - Sohna
Others – Retail/SCO
Total
23
194.7
11.2
103.6
Mid Income - Gurugram 52.7%
c. 110 bn of Revenue yet to be recognized from Ongoing Projects1
• Ongoing projects1 are expected to be completed by
Collected2
To Be Collected
Value of Unsold3
Ongoing Portfolio
68.7
34.9
5.9
INR 110 Bn of Total Revenue
40.8
coming 5-6 Quarters;
•
•
Estimated revenue recognition of c. INR 110 bn from ongoing projects1;
Estimated collection of c. INR 41 bn from ongoing projects1
1Total project area for ongoing projects is 15.3 mn sqft for which partial OC is received in DDJAY floors projects for 4.1 mn sqft, hence, remaining area for completion of ongoing projects is 11.2 mn sqft 3Estimated value of unsold inventory basis company analysis
Strong pipeline of mid income housing projects across focused micro markets; aim to launch by FY26
Location
Project
Land (in acres)
Recently launched Estimated Saleable Area1 (in mn sqft)
Forthcoming Estimated Saleable Area1 (in mn sqft)
Sector 71, SPR
Housing, Commercial and Retail
Sector 37D, DXP
Group Housing & Low- Rise Floors
Sohna Corridor
Manesar
Township - Low-Rise Floors & Industrial Plots
Township - Low-Rise & Industrial Plots
92.6
45.1
139.9
150.9
Others
Housing & Retail
31.9
2.1
3.0
6.1
1.4
0.9
14.8
3.5
0.7
0.5
2.0
Total
460.3
13.5
21.6
Each focus area has distinct price point thus catering to diverse consumers
Market
Estimated Selling Price*
Sector 71
INR 18,000 per sqft
Sector 37D
INR 15,000 per sqft
Sohna Corridor
INR 12,500 per sqft
Manesar
INR 7,800 per sqft
Others
INR 15,000 per sqft
*Subject to market conditions.
21.6 mn sqft area of projects are yet to be launched over the coming 2-3 years
1Saleable Area potential for forthcoming projects is based on best estimates as per the current zoning regulations
Strong Portfolio of ~46 mn sqft across Ongoing and Forthcoming projects
Ongoing projects1 of 11 mn sqft saleable area
Forthcoming projects of 21.6 mn sqft saleable area2
Strong project pipeline to result in sustainable growth
Category
Affordable Housing
Mid Income Housing
Group Housing
Plotted Development
Others
Total – in mn sqft
Ongoing
Recent launch
Forthcoming
Total
4.3
0.2
0.0
4.5
6.5
4.2
0.3
11.0
-
5.8
15.5
21.3
-
3.3
1.1
4.4
0.4
-
4.7
5.1
11.2
13.5
21.6
46.3
Estimated launch of all forthcoming projects in the next 2-3 years
Ongoing Projects
Forthcoming Projects
Sohna 21.5%
Others 2.5%
Ghaziabad 4.9%
Affordable 30.8%
Sohna 4.7%
Others 22.0%
Mixed Use 0.5%
Gurugram 78.5%
Mid Income 66.7%
Gurugram 90.4%
Mid Income 4.8%
Group Housing 72.7%
1Total project area for ongoing projects is 15.3 mn sqft for which partial OC is received in DDJAY floors projects for 4.1 mn sqft, hence, remaining area for completion of ongoing projects is 11.2 mn sqft. 2Saleable Area potential for forthcoming projects is based on best estimates as per the current zoning regulations
Sales growth of 178% in 9M’FY25 vs 9M’FY24
Sales surged at 62% CAGR (FY21-FY24), with trailing 12 months pre-sales reaching at INR 128.2 bn
Strong sales momentum
INR Bn
100
80
60
40
20
0
31.2
3.2
86.7
6.9
10.0
8.0
6.0
4.0
2.0
0.0
9M'FY24
Sales (INR bn)
9M'FY25 Area Sold (mn sqft)
INR Bn 100
80
60
40
20
0
86.7
72.7
34.3
25.9
16.9
FY21
FY22
FY23
FY24
9M'FY25
9M’FY25 Sales coming from mid income housing and plotted development
Upward shift in INR per Sqft realization
Group Housing, 29.4%
Gurugram 45.3%
Mid Income, 34.6%
Product Split
Retail/SCO, 9.7%
Region Split
Sohna 44.0%
Affordable, 1.7%
Plotted Development, 24.5%
Manesar 10.7%
INR per sqft
14,000
12,000
10,000
8,000
6,000
4,000
2,000
11,762
12,565
7,886
3,977
4,744
FY21
FY22
FY23
FY24
9M'FY25
9M’FY25 Realization is expected to stabilize in FY25
Note : Mid Income includes the retail component of the project
Growing collections leading to fast paced construction while maintaining low net debt
54% GROWTH IN Y-o-Y COLLECTIONS
32.1
20.9
35 30 25 20 15 10 5 0
9M'FY24
9M'FY25
COLLECTIONS CAGR OF 59% DURING FY21-FY24
Particulars
Collections
Others (GST & other charges)
Cash inflow
Less : Operating Expenses
- Construction Expenses (including allied approval expenses)
- Seliing, general and administrative expenses
31.1
32.1
-
Taxes
35
30
25
20
15
10
5
0
19.2
12.8
7.8
FY21
FY22
FY23
FY24
9M'FY25
Operating Cashflow available for Growth & Debt servicing
Less: Land Advance/Acquisition
Less: Interest payments
Decrease/(Increase) in Net Debt
9M’FY25 (INR Bn)
32.1
1.8
33.9
13.7
6.4
1.7
12.1
5.7
2.2
4.2
Favorable Macro Environment
Operating Highlights
Strategy & Portfolio
Financial Snapshot
Company Overview
21
Healthy gross profit margins and Low Leverage Levels
Revenue being recognized from recently delivered units of Signature Global Park
Financial Performance
•
•
•
INR 19.8 bn revenue recognized from operations in 9M’FY25 vs INR 5.5 bn in 9M’FY24
Adjusted EBITDA of INR 2.3 bn (11.61%) for 9M’FY25 vs INR 0.5 bn (8.29%) for 9M’FY24
Achieved a positive PAT of INR 0.4 bn for the 9M’FY25
• Net Debt has reduced by INR 4.3 bn during the 9-months period
ending 31st Dec 2024
• Net Debt stands at INR 7.4 bn as on 31st Dec 2024 from INR 11.6
Net Debt
bn on 31st Mar 2024
•
The Company aims to keep net debt below 0.5x the projected operating surplus1 for the ongoing financial year, as a long-term discipline
1Operating surplus before land advance/ acquisition reflect the surplus post construction expenses, selling, general and administrative expenses and taxes adjusted from collections
Consolidated PL Snapshot
PL Statement (INR bn) Revenue from real estate properties - Mid- Income Housing - Affordable Housing
Total Revenue from real estate properties Cost of Goods Sold
Adj. Gross Profit(i) Adj. Gross Profit %(ii)
Other operating revenue & income Employee Cost SG&A Other expenses
Adj. EBITDA(iii)
Adj. EBITDA %(iv)
PL Statement (INR bn) Total Revenue Profit After Tax (PAT)
Profit After Tax (PAT) Margin %
9M’FY25 9M’FY24
13.4 5.8
19.2 -14.1
3.1 2.1
5.2 -3.6
5.2 26.9%
1.6 31.6%
1.0 (1.3) (2.1) (0.6)
0.7 (0.8) (0.6) (0.4)
2.3
0.5
11.6%
8.3%
9M’FY25 9M’FY24 5.5 -0.3
19.8 0.4
2.0%
-5.5%
Adjusted Gross Margin % & Adjusted EBITDA Margin %
50%
40%
30%
20%
10%
0%
•
•
•
26.8%
27.6%
26.9%
13.9%
10.8%
11.6%
14.8%
3.0%
FY22
FY23
FY24
9M'FY25
Adjusted Gross Margin
Adjusted EBITDA Margin
There is an increase in revenue recognition during 9M’FY25 versus 9M’FY24 on account of completion of more projects
Improvement in Adj. EBITDA margin due to recognition from higher margin products
Positive PAT recognition for 9M’FY25
Notes: (i) Adjusted Gross Profit is calculated as revenue from real estate operations (comprises revenue from sale of real estate properties, forfeiture income/cancellation charges, compensation received on compulsory acquisition of land and other operating income related to real estate business) less cost of sales relating to real estate operations (i.e. cost of sales as reduced by finance cost written off through cost of sales and cost of sales relating to contracting business). (ii) Adjusted Gross Profit Margin is calculated as Adjusted Gross Profit divided by revenue from real estate operations (comprises revenue from sale of real estate properties, forfeiture income/cancellation charges, compensation received on compulsory acquisition of land and other operating income related to real estate business). (iii) Adjusted EBITDA refers to earnings before interest, taxes, depreciation, amortization (“EBITDA”), plus finance cost written off through cost of sales and Adjustment of gain/loss on fair valuation of derivative instruments and impairment of Goodwill. (iv) Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by revenue from operations.
Net Debt Position of the Company with Growing Operating Cashflows
Operating Surplus1 and Net Debt2 (INR bn)
Lenders to Signature Global
15.00
10.00
5.00
0.00
10.9
11.6
9.1
7.4
5.6
2.5
5.2
4.7
6.9
Mar-21
Mar-22 Net Debt
Mar-23 Operating Surplus
Mar-24
Dec-24
Comfortable Net Debt position given the current scale of operations
The Company aims to keep net debt below 0.5x the annual operating surplus1
1 Operating surplus before land advance/ acquisition reflect the surplus post construction expenses, selling, general and administrative expenses and taxes adjusted from collections 2 Net debt comprise of non-current and current debts (including trade payables and other financial liabilities) as reduced by cash and cash equivalents, bank balances other than cash and cash equivalents and current investments
Strong performance at the stock exchange since listing
Stock Info
Share price performance – stellar >3x return from offer price of INR 385; 52% annual return in CY 2024
NSE
Equity Shares (mn)
Market Cap (INR Bn)
52 Week High (01-Oct-2024)
52 Week Low (01-Jan-2024)
SIGNATURE
141
197
Rs. 1,647.00
Rs. 918.55
1800
1600
1400
1200
1000
800
600
Listing price - 444
1,365 Closing price as on 31st Dec’24
400 27-Sep-23
27-Dec-23
27-Mar-24
27-Jun-24
27-Sep-24
27-Dec-24
Shareholding pattern as on 31st Dec 24
Key Institutional Investors
5.52%
7.99%
4.83%
12.04%
Nomura
Bandhan MF
Nippon India
HDFC Capital
International Finance Corporation
Wellington
69.63%
Eastspring Investments
Prudential Hong Kong
Vanguard
Government Pension Fund Global
Promoters
FII
DII
Public
Others
>55k public shareholders on the date of listing
Favorable Macro Environment
Operating Highlights
Strategy & Portfolio
Financial Snapshot
Company Overview
26
Largest Player in Delhi NCR’s Affordable and Lower Mid-Income Housing Market
Focused housing factory • Commenced operations# in 2014 with affordable housing, ventured
into mid-income housing market in 2017
•
•
Successful transitioned to premium housing in 2024 with successful launches of 2 Group Housing projects with record sales value
Further, added Township projects in the product portfolio with the launch of township at Sohna and Corridor of Manesar
Well Established Brand in the Delhi NCR market • Signature Global has a strong brand recall
• Market share1 of 13% in NCR and 27% in Gurugram in terms of absorption of housing units from INR 8 Mn to INR 50 Mn
Strong sales performance • Achieved sales bookings of INR 86.7 bn in 9M’FY25 and
178% sales growth for 9M’FY25 vs 9M’FY24
• Sales team of 154 members2 & network of 2,200+
channel partners2
Strong commitment to sustainability & green growth
• All projects are either Edge or IGBC certified
• Prioritizing energy efficiency through use of advanced technologies and innovative design like vertical gardens, HVAC systems, Smart building management systems etc
Strong Project Pipeline • On-going pipeline of 11.2 mn sqft2,3,4
• Forthcoming pipeline of 21.6 mn sqft2,3 of saleable area, in addition to this, 13.5 mn sqft got recently launched with record sales value.
Successful Capital Market Listing
• Successful
IPO
in Sept
'23 with an overwhelming
subscription of 12.5x
• Strong participation Institutional investors
from
foreign and domestic
* Rounded off from one decimal points# through its Subsidiary, Signature Builders Private Limited 1: in FY24 (Source Nuvama research) 2: As of 31st Dec,’24 3: Saleable Area potential for forthcoming projects including new portfolio additions is based on best estimates as per the current zoning regulations 4: Total project area for ongoing projects is 15.3 mn sqft for which partial OC is received in DDJAY floors projects for 4.1 mn sqft, hence, remaining area for completion of ongoing projects is 11.2 mn sqft.
Track Record of Execution Delivered Housing Projects Totaling to c. 13.5 msf1
Solera
Synera
Grand Iva
Orchard Avenue
Serenas
Sector 107, Gurugram
Sector 81, Gurugram
Sector 103, Gurugram
Sector 93, Gurugram
Sector 36, Sohna
1,443 units
819 units
1,470 units
727 units
1,303 units
On the path of delivering addition ~11 mn sqft over 5-6 quarters
Best Affordable Developer of the Year at the 13th Annual Estate Awards 2021
Developer of the Year, Residential, at the 13th Realty+ Awards (North), 2021
Urban Development Conclave, 2022- DTCP2, Govt. of Haryana recognized development - Solera 107 & Sunrise Floors
1As of Dec 31, 2024, Company has 13 Completed Projects with a Saleable Area of 9.4 mn sqft. Ongoing Projects have additionally received occupation certificates for 4.1 mn sqft Saleable Area and Promoter Holding Company, Sarvpriya Securities Private Limited, has also completed an aggregate Saleable Area of 0.6 mn sqft in two projects 2:DTCP Directorate of Town and Country Planning, Haryana
… With Quick Turnaround of Land Resources
2.2 mn sqft of Individual Floors completed
Disciplined approach to land acquisition leading to quick turnaround of up to 18 months from acquisition to launch
Sunrise & Karnal City
Project
Land Acquisition Date
Launch Date
Synera#
Grand Iva#
Park 4##
City 37D##
Apr 8, 2014
Sep 21, 2015
Nov 6, 2019
Dec 9, 2019
Dec 27, 2014
Oct 14, 2015
Aug 4, 2020
July 15, 2021
Time from Land Acquisition to Launch (Years)
0.7
0.1
0.7
1.6
Park Series
Construction timelines of 4 yrs – 5 yrs despite NGT1 bans on construction and COVID related disruptions
Project
Solera
Synera
Grand Iva
Sunrise
Roselia 2
EC Date2
OC Receipt Date3
Construction Period (Years)4
Jan 5, 2015
Mar 9, 2015
Sep 29. 2016
Apr 4, 2018
Jan 28. 2019
Oct 3, 2018
Oct 24, 2019
Apr 20, 2021 Oct 21, 2021 5
May 06, 2022
3.7
4.6
4.6
3.6
3.3
Quick turnaround model has enabled to generate cash flows in a short period to support further developments
# Date of launch represents the start date of application from published advertisement in the newspaper; ## Date of launch represents the date of first booking with respect to DDJAY and other projects 1- NGT- National Green Tribunal (The NGT has, in recent times imposed a number of restrictions on real estate developers and construction activities to curb pollution levels in the months of December and January in north India) 2 EC- Environment Clearance ; 3 OC- Occupation Certificate ; 4: Construction period is time period between receipt of Environment Clearance and Occupation Certificate; 5. Date of last occupation received for last residential unit in the project
Well Established Brand and Strong Distribution Network Focused on Mid-Income Segments
Well entrenched sales and distribution network driving customer acquisition
Strong Brand Recall
Strong Distribution Network
Strong in-house direct sales team of 24 members1 and indirect
sales team of 130 members1
Wide network of 2,200+1 active channel partners driving customer
traffic to the website
Digital experience centers and augmented reality for project
walkthroughs providing immersive experience for customers
Engaged celebrity brand ambassadors for various campaigns
Campaign Name
BOAT
Response2
56.26 mn views
No Agal No Bagal No Dakhal
109.08 mn views
Kiraye se Azadi
56.98 mn views
Apne Ghar Pe Kaisa Lockdown (featuring Vidya Balan) Independent Independent You Diwali Apne Ghar Wali
Floors
for
4.10 mn views
4.40 mn views
27.03 mn views
Life at Signature Global TVC
13.81 mn views
Smart Decision (featuring Vidya Balan)
5.14 mn views
Effective marketing and distribution strategy with several national level campaigns to increase brand reach
1 As of Dec 31 2024 ; 2 As of January 16, 2025
Use of improved construction technologies for timely project completion
Using Aluminium Formwork Technology to Reduce Construction Time
Imported the Aluminum formwork technology providing a competitive edge Reduced structure cost Increased pace of construction Results in strong and high-quality structures
Standardization providing unique advantages
Standardization
of
product
design,
technical
specifications and layout plans
Low design costs allowing faster replication
Quick turnaround at predictable costs, leading to
efficient execution on a larger scale
Standardization helping provide high quality products at competitive prices to consumers
Leveraging Technology for efficiency & scale
Digital Integration of all stakeholders
Strong emphasis on digital sales
Strong Internal Controls Successful
integration of software's with the
construction sites to track real time progress
Strong Linkage with Core ERP Automated Sales Booking System
Projects being sold through various digital channels including website since 2014
AHP projects sold exclusively through digital channels mandated by “DTCP” since Jan 2022
Selling units digitally enhancing scale and reach of brand and enabling faster sales
100% Digitally Sold Projects
Continued focus on digitization leading to faster sales, greater efficiency and reduced manpower costs
DTCP- Directorate of Town and Country Planning, Haryana
Trusted brand with strong campaign being run at a national level
• Relatable brand ambassadors like Vidya Balan and
Vijay Raaz
• Company has strong presence across social media and has touched c.110 mn social media users
•
Strong in-house direct sales team of 24 members1 and indirect sales team of 130 members1
• Wide network of 2,200+1 active channel partners
driving customer traffic to the website
• Digital experience centers and augmented reality for
project walkthroughs providing immersive experience for customers
• Company has been certified as Great place to work*
1As on 31st Dec 2024 *Recognized by Great Place to work India in Dec ‘23
High Quality Board & Experienced Management Team
Name
Designation
Brief Profile
Independent Directors
Pradeep Kumar Aggarwal
Chairman & Whole- Time Director
8+ years of experience in real estate industry; Served as MD on the board of SMC Comtrade Limited for 10 years
Lalit Kumar Aggarwal
Vice Chairman & Whole-Time Director
7+ years of experience in real estate; responsible for the construction, marketing and HR aspects
Ravi Aggarwal
Managing Director
9+ years of experience in real estate; CA; Responsible for overall business development of Company; Ex-Director of SMC Insurance Brokers
Devender Aggarwal
Joint MD & Whole-Time Director
11+ years of experience in real estate; Plays key role implementation of formulation & Company’s forward plans;
in
Rajat Kathuria
Chief Executive Officer
CA; Previously worked with Ernst & Young LLP for over 9 years & served as a Director with KPMG India for over 4 years
Sanjay Kumar Varshney
Chief Operating Officer
Previously associated with Mahagun, Corenthum (construction & planning)
the Senior Vice President
as
a
Meghraj Bothra
Company Secretary & Compliance Officer
ICSI; ICMAI; Worked with ‘Digispice Technologies Ltd , DCM Shriram Ltd & Dhanuka Pesticides Ltd
Sanjeev Kumar Sharma
Chief Financial Officer
CA; having 30+ years of experience in FP&A, M&A, among others. relations, Previously worked with Brookfield, Blackstone, M3M, BPTP among others
Investor
Kundan Mal Agarwal Ex-director on board of SMC Global Securities Ltd & Moneywise Financial Services
Venkatesan Narayanan
Served in Centrum Infrastructure and Realty Limited, and was an independent director of Industrial Investment Trust Limited
Chandra Wadhwa
Holds a certificate of registration to act as an insolvency professional ; Admitted as a fellow member of the ICSI, ICWA
Lata Pillai (large Served as corporates)” at Yes Bank Limited for a period of over two years
“group president
the
Focus On Sustainable Development
Waste Management
Use Of Solar Panels
Use Of LED lights
Green Building Initiatives
Green Building Initiatives (Water Management)
Use of Low Flow Fixtures
INDUSTRY LEADING CERTIFICATIONS
Green Building Certification*
IGBC Certification
Occupational Health & Safety
Quality Management Systems
Environmental Management System
*EDGE is a registered trademark of IFC
All projects launched between FY20-FY24 have been either Edge or IGBC certified
THANK YOU
Contact us at investor.relations@signatureglobal.in