Signpost India Limited (SIGNPOST)
₹252.40 -3.52% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Signpost India's revenue was ₹152 Cr (+10.6% year on year, -6.0% on the previous quarter), and net profit ₹18.7 Cr (+22.2% year on year); the operating margin was 22.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹152 | +10.6% | -6.0% |
| Operating profit | ₹34.3 | +8.1% | -20.2% |
| Net profit | ₹18.7 | +22.2% | -11.2% |
| EPS (₹) | 3.49 | +22.0% | -11.4% |
| Operating margin | 22.5% | — | — |
SIGNPOST delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 77.94% of the SIGNPOST shares traded on NSE were taken to delivery, against the stock's own 20-session average of 51.06%. The price fell 3.52% on that unusually high delivery, the pattern the delivery dashboard labels distribution. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 76.7% · 58.3% · 49.3% · 62.2% · 77.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Signpost India has secured exclusive advertising rights from Chalo Mobility Private Limited on premium buses operating along key arterial routes in Mumbai. The contract spans a 5-year period with an estimated gross advertising revenue of approximately ₹36 crore (averaging ~₹7.2 crore per year). Compared to the company's TTM revenue of ₹591 crore, the total contract size is about 6.1%. The transaction is not a related-party deal.
- Gross advertising revenue estimated at approx. ₹36 crores
- Contract duration is for 5 years
- Exclusive rights cover interior and exterior advertising across Mumbai arterial routes
- Awarded by domestic entity Chalo Mobility Private Limited
Signpost India Limited announced the voting results from its 19th Annual General Meeting held on September 23, 2026, where all resolutions passed with requisite majority. Shareholders approved the re-appointment of Mr. Dipankar Chatterjee as Executive Director for a 5-year tenure effective December 29, 2026, to December 28, 2031. Additionally, Ms. Meghna Rajadhyaksha was appointed as an Independent Director for a 3-year term from August 3, 2026, to August 2, 2029. Total voting turnout stood at 56.62% of outstanding shares (3,02,61,764 votes polled), with over 99.99% votes cast in favor.
- Re-appointment of Mr. Dipankar Chatterjee as Executive Director for 5 years effective December 29, 2026, to December 28, 2031
- Appointment of Ms. Meghna Rajadhyaksha as Independent Director for 3 consecutive years from August 3, 2026, to August 2, 2029
- Total voting participation reached 56.62% across 3,02,61,764 polled votes out of 5,34,50,000 total shares
- 67 members attended the AGM via Video Conferencing with 17,374 total shareholders on the September 16, 2026 record date
Signpost India completed its 19th Annual General Meeting on September 23, 2026, with all 9 resolutions approved by shareholders. Total votes polled reached 3,02,61,764, representing 56.62% of outstanding shares, passing with near-unanimous 99.9997% approval. Key approvals include the re-appointment of Mr. Dipankar Chatterjee as Executive Director for a 5-year term and the appointment of Ms. Meghna Rajadhyaksha as Independent Director for 3 years.
- All 9 resolutions passed with 99.9997% votes cast in favor
- Overall voter turnout was 56.6170% across 3,02,61,764 polled shares
- Mr. Dipankar Chatterjee re-appointed as Executive Director for 5 years effective December 29, 2026
- Ms. Meghna Rajadhyaksha appointed as Independent Director for a 3-year term ending August 2, 2029
- 67 public shareholders attended the meeting via video conferencing
Signpost India Limited responded to an NSE surveillance query on September 7, 2026, regarding a significant increase in trading volume across exchanges. The company stated that all material events under Regulation 30 have been disclosed and it is unaware of any impending announcement that would impact price or volume. Management clarified that the recent surge in trading activity is purely market driven.
- NSE issued surveillance inquiry Ref. No. NSE/CM/Surveillance/17493 on September 7, 2026
- Company confirmed compliance with all Regulation 30 disclosure requirements as of September 7, 2026
- Management clarified that volume increase is purely market driven with zero undisclosed material events
Signpost India Limited has announced the appointment of Ms. Meghna Rajadhyaksha (Non-Executive Independent Director) as the Chairperson of the Nomination and Remuneration Committee, effective September 1, 2026. The committee reconstitution was approved by the Board of Directors via circular resolution on September 4, 2026. Additionally, the company published newspaper notices regarding a special window for physical securities transfer and dematerialization. These updates represent routine corporate governance and compliance actions.
- Appointment of Ms. Meghna Rajadhyaksha as Chairperson of the Nomination and Remuneration Committee effective September 1, 2026
- Board approval completed via Circular Resolution on September 4, 2026
- Committee comprises 3 Independent Directors: Meghna Rajadhyaksha, Girish Kulkarni, and Prashant Sanghavi
- Notices published on September 4, 2026, across Business Standard and Mumbai Lakshadeep regarding physical share demat window
Signpost India Limited has sent a statutory communication to shareholders regarding tax deduction at source (TDS) on its proposed dividend. The Board earlier recommended a dividend of Rs. 0.50 per equity share (face value Rs. 2 each) for FY26. The record date for determining eligible shareholders is September 11, 2026, which is also the final deadline to submit relevant tax exemption forms (such as Form 121 or DTAA documents).
- Board recommended dividend of Rs. 0.50 per equity share of face value Rs. 2 for FY26
- Record date for dividend entitlement is set for Friday, September 11, 2026
- TDS rate of 10% applies to resident individuals if dividend payout exceeds Rs. 10,000 (with PAN)
- Last date for submitting tax declaration documents to KFin Technologies is September 11, 2026
Signpost India Limited has issued the notice for its 19th Annual General Meeting scheduled for September 23, 2026, via video conferencing. Key resolutions include adoption of FY26 financials, declaration of a dividend of Re 0.50 per equity share (aggregating ₹2.67 crore), and revisions in managerial remuneration. Proposed pay scales include ₹2.90 crore to ₹4.90 crore per annum for Managing Director Shripad Ashtekar and ₹1.60 crore to ₹2.70 crore for Executive Director Rajesh Awasthi. Remote e-voting runs from September 20 to September 22, 2026.
- 19th Annual General Meeting convened for September 23, 2026, via Video Conferencing.
- Proposed dividend of Re 0.50 per equity share (25% of face value ₹2) aggregating ₹267.25 lakhs.
- Managing Director Shripad Ashtekar remuneration scale proposed at ₹2.90 crore to ₹4.90 crore p.a. from April 1, 2026.
- Executive Director Rajesh Awasthi remuneration scale proposed at ₹1.60 crore to ₹2.70 crore p.a.
Signpost India Limited has issued a detailed tax deduction at source (TDS) intimation regarding its recommended FY26 dividend of Rs 0.50 per equity share (face value Rs 2). The record date to determine eligible shareholders for dividend payout is September 11, 2026. TDS will be deducted at 10% for resident individuals with valid PAN if total dividend exceeds Rs 10,000, and 20% for accounts without PAN or non-residents without DTAA documentation. Shareholders seeking lower withholding or exemption must submit requisite tax declarations via the KFintech portal by September 11, 2026.
- Board recommended dividend of Rs. 0.50 per equity share of face value Rs. 2 each for FY26
- Record date set as September 11, 2026, for eligible shareholders
- Standard TDS rate of 10% for resident individuals with PAN on dividend exceeding Rs. 10,000; 20% without PAN
- Last date to submit tax exemption forms (Form 121 / Form 41 / TRC) is September 11, 2026
Signpost India Limited has announced that Ms. Sayantika Mitra has completed her second term as an Independent Director, effective from the close of business hours on August 8, 2026. Consequently, she has ceased to be the Chairperson of the Nomination & Remuneration Committee and a Member of the Audit Committee. This is a routine regulatory transition as per SEBI guidelines regarding the maximum tenure of independent directors. The company will now need to appoint a successor to maintain the required board and committee compositions.
- Ms. Sayantika Mitra completed her second term as Independent Director on August 8, 2026.
- She ceased to be the Chairperson of the Nomination & Remuneration Committee effective August 8, 2026.
- She ceased to be a Member of the Audit Committee following the completion of her tenure.
- The transition follows the SEBI Master Circular dated January 30, 2026, regarding director appointments and cessations.
Signpost India Limited has received shareholder approval at its Extraordinary General Meeting (EGM) on August 05, 2026, to re-appoint Mr. Girish Kulkarni and Mr. Prashant Sanghavi as Independent Directors. Both directors will serve a second five-year term effective from August 06, 2026, to August 05, 2031. Mr. Kulkarni brings over 40 years of experience in financial services (ex-SBI Life), while Mr. Sanghavi has over 25 years in banking and structured finance (ex-HDFC Bank). This move ensures board continuity as the company pursues its 18% growth target and Digital OOH expansion.
- Re-appointment of 2 Independent Directors for a second term of 5 consecutive years each
- New terms are effective from August 06, 2026, through August 05, 2031
- Mr. Girish Kulkarni brings over 40 years of experience in insurance and financial sectors
- Mr. Prashant Sanghavi brings over 25 years of experience in structured finance and IPO listing
- Shareholder approval was obtained at the 01/2026-27 EGM held on August 05, 2026
Signpost India Limited held an Extraordinary General Meeting (EGM) on August 05, 2026, to seek shareholder approval for the re-appointment of two Independent Directors. Both Mr. Girish Kulkarni and Mr. Prashant Sanghavi were approved for a second five-year term starting August 6, 2026, with over 99.9% total votes in favor. While the resolutions passed comfortably, institutional investors showed notable dissent, with 16.8% and 33.5% of institutional votes cast against the respective directors. The company continues to operate with a healthy 25.5% operating margin and TTM revenue of ₹576 Cr.
- Re-appointment of Mr. Girish Kulkarni approved with 99.97% total votes in favor
- Re-appointment of Mr. Prashant Sanghavi approved with 99.95% total votes in favor
- Institutional dissent recorded at 33.49% against the re-appointment of Mr. Prashant Sanghavi
- Total of 16,989 shareholders were on record as of the July 29, 2026 cut-off date
- Both directors secured a second consecutive term of five years effective August 6, 2026
Signpost India Limited conducted an Extraordinary General Meeting (EGM) on August 05, 2026, primarily to seek shareholder approval for the re-appointment of Independent Directors Mr. Girish Kulkarni and Mr. Prashant Sanghavi. The meeting was attended by 48 members via video conferencing and concluded within 30 minutes. This is a routine governance procedure for the company, which currently holds a market capitalization of Rs 1,475 Cr and a TTM revenue of Rs 576 Cr. Voting results are pending the Scrutinizer's report and will be disclosed within prescribed timelines.
- Extraordinary General Meeting (EGM) held on August 05, 2026, from 11:00 AM to 11:30 AM
- 48 members were present at the meeting through Video Conferencing (VC)
- Proposal for the re-appointment of 2 Independent Directors: Mr. Girish Kulkarni and Mr. Prashant Sanghavi
- E-voting window remained open for 15 minutes after the conclusion of the meeting proceedings
- Company maintains a TTM PAT of Rs 70 Cr with an Operating Profit Margin of 25.5%
Signpost India has announced September 11, 2026, as the record date for a final dividend of ₹0.50 per equity share for FY 2025-26. This dividend represents 25% of the face value of ₹2 per share. Based on the current market price of ₹275.2, the dividend yield is approximately 0.18%. The total estimated payout of ~₹2.67 crore is conservative, representing roughly 3.8% of the company's TTM PAT of ₹70 crore.
- Dividend declared at ₹0.50 per equity share of face value ₹2
- Record date for determining shareholder eligibility is September 11, 2026
- 19th Annual General Meeting (AGM) scheduled for September 23, 2026
- Dividend payment to be processed on or after September 24, 2026, following AGM approval
- Dividend payout ratio estimated at ~3.8% of TTM PAT
Signpost India reported a 10.6% YoY increase in revenue to ₹152.26 Cr for Q1 FY27, while PAT grew 22.2% YoY to ₹18.66 Cr. Profitability was significantly aided by a change in the depreciation method from Written Down Value (WDV) to Straight-Line Method (SLM), which reduced depreciation expenses by ₹5.98 Cr for the quarter. The board confirmed a final dividend of ₹0.50 per share (25% of face value) with a record date of September 11, 2026. Additionally, the company appointed Ms. Meghna Rajadhyaksha as an Independent Director for a three-year term.
- Revenue from operations grew 10.6% YoY to ₹152.26 Cr in Q1 FY27 compared to ₹137.65 Cr in Q1 FY26.
- Profit After Tax (PAT) increased 22.2% YoY to ₹18.66 Cr from ₹15.27 Cr in the previous year's quarter.
- Change in depreciation method (WDV to SLM) resulted in a ₹5.98 Cr reduction in expenses, boosting the bottom line.
- Final dividend of ₹0.50 per equity share (face value ₹2) confirmed for FY26.
- Record date for dividend eligibility set for September 11, 2026, with payment on or after September 24, 2026.
Signpost India reported a 10.6% YoY increase in Q1 FY27 revenue to ₹152.26 Cr, while Net Profit grew 22.2% to ₹18.66 Cr. A significant portion of the profit growth was driven by a change in the depreciation method from Written Down Value (WDV) to Straight-Line Method (SLM), which reduced depreciation expenses by ₹5.98 Cr for the quarter. The company has fixed September 11, 2026, as the record date for a final dividend of ₹0.50 per share. Additionally, the board appointed Ms. Meghna Rajadhyaksha as an Independent Director for a three-year term.
- Revenue from operations increased 10.6% YoY to ₹152.26 Cr in Q1 FY27.
- Profit After Tax (PAT) grew 22.2% YoY to ₹18.66 Cr from ₹15.27 Cr in the previous year.
- Accounting change in depreciation method (WDV to SLM) reduced expenses by ₹5.98 Cr.
- Final dividend of ₹0.50 per equity share (25% of face value) confirmed for FY26.
- Record date for dividend eligibility set for September 11, 2026, with payment on or after September 24.
Financial Performance
Revenue Growth by Segment
Transit Media (Metros, Airports, Shelters) grew to 55% of revenue in FY25 from 52% in FY24. Digital OOH contributed 19% in FY25. Conventional OOH/Static Media share decreased to 26% in FY25 from 28% in FY24.
Geographic Revenue Split
West region dominates with 60% of revenue in FY25 (down from 73% in FY24), followed by South at 17% (down from 18%), North at 13% (up from 6%), and East at 10% (up from 4%).
Profitability Margins
Gross Margin was 39.0% in FY25 (down from 39.9% in FY24). Net Profit Margin was 7.5% in FY25 (down from 11.4% in FY24). Return on Net Worth (ROE) was 17% in FY25 compared to 26% in FY24.
EBITDA Margin
EBITDA Margin was 19.6% in FY25 (INR 88.91 Cr), a decrease from 21.4% in FY24 (INR 82.81 Cr). H1 FY26 EBITDA margin improved to 24.4% (INR 66 Cr).
Capital Expenditure
Estimated at INR 50-60 Cr for fiscal 2024 for infrastructure construction and digital enablement.
Credit Rating & Borrowing
CRISIL Ratings maintained a 'Stable' outlook, noting a healthy financial risk profile with a consolidated net worth of INR 192 Cr as of March 31, 2024.
Operational Drivers
Raw Materials
License fees paid to authorities (major cost), infrastructure materials for bus shelters and digital screens, and maintenance/cleaning services.
Import Sources
Primarily domestic sourcing from Indian municipal and transport authorities across Maharashtra (Mumbai, Pune, Nagpur), Karnataka (Bengaluru), and Delhi.
Key Suppliers
Key partners/suppliers include Mumbai Metro, Municipal Corporations for Mumbai and Bengaluru Bus Queue Shelters (BQS), and Airport authorities in Pune and Nagpur.
Capacity Expansion
Secured long-term contracts (7-20 years) for Mumbai Metro, Mumbai and Bengaluru BQS, and Pune/Nagpur airports.
Raw Material Costs
Cost of Services was INR 276.57 Cr in FY25, representing 61% of total revenue, up from INR 232.84 Cr in FY24.
Manufacturing Efficiency
Operating margin improved from 14% in FY22 to 22.2% in FY24 by focusing on high-margin digital assets and reducing low-margin trading business.
Strategic Growth
Expected Growth Rate
18%
Growth Strategy
Partnered with Ernst & Young (EY) to unlock INR 200 Cr+ topline expansion; implementing an asset-light growth strategy and focusing on high-margin Digital OOH (DOOH) assets.
Products & Services
Advertising space on bus queue shelters, metro stations, airports, and digital billboards.
Brand Portfolio
Signpost India.
New Products/Services
Implementation of dynamic pricing capabilities for digital assets and expansion of the Digital OOH (DOOH) platform.
Market Expansion
Deepening presence in key urban markets; North region revenue share increased from 6% to 13% YoY in FY25.
Strategic Alliances
Strategic partnership with Ernst & Young (EY) for business transformation and revenue channel expansion.
External Factors
Industry Trends
Rapid shift toward Digital OOH (DOOH) which offers higher margins; industry is evolving toward data-driven and dynamic pricing models.
Competitive Landscape
Fragmented industry with competition for municipal tenders; Signpost positions itself through high-quality, government-backed locations.
Competitive Moat
Durable advantages include long-term (7-20 year) exclusive contracts and expertise in H1 techno-commercial bidding for premium government locations.
Macro Economic Sensitivity
Highly sensitive to GDP growth and corporate advertising sentiment; advertising players typically face slowdowns during economic cooling.
Consumer Behavior
Shift toward digital consumption and transit-based commuting patterns (Metro/Airports) driving demand for Transit Media.
Geopolitical Risks
Low impact due to domestic focus, though global economic trends affect multinational corporate ad spends.
Regulatory & Governance
Industry Regulations
Operations governed by municipal advertising norms and H1 bidding regulations for public infrastructure.
Taxation Policy Impact
Opted for Section 115BAA of the Income Tax Act, 1961, with an effective tax rate of 25.17%.
Risk Analysis
Key Uncertainties
Large working capital requirements and exposure to economic cyclicality could impact cash flows by over 10%.
Geographic Concentration Risk
60% of revenue is concentrated in the West region (Maharashtra).
Third Party Dependencies
28% of revenue is generated through 'Aligned biz' via third-party contracts.
Technology Obsolescence Risk
High risk in the digital space; failure to adopt new DOOH technologies could lead to loss of market leadership.
Credit & Counterparty Risk
Risk of stretched receivables; cash and equivalents of INR 28 Cr against INR 132 Cr debt as of Sept 2024.
