Signpost India Limited · NSE:SIGNPOST
Signpost India — FY2026 Earnings Presentation
51 slides from Signpost India's earnings presentation, Jun 3, 2026
Slide 1: Intimation of Investors Presentation
June 3, 2026 SIL/FY26-27/CS/30 To: To: Listing Compliance Listing Compliance BSE Limited, National Stock Exchange of India Limited 25th floor, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, ‘G’ Block, Dalal Street, Fort, Bandra- Kurla Complex, Mumbai 400023 Bandra East, Mumbai 4
Slide 2: Signpost India Limited Investor Presentation – March 26
Signpost India Limited Investor Presentation – March 26 BKC, Mumbai 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Signpost India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Financial Highlights – Q4 & FY26
Financial Highlights – Q4 & FY26 3
Slide 5: Management Commentary
Management Commentary FY26 was a defining year for Signpost India, one in which we translated scale into profitability and consolidated our leadership across India's out-of-home advertising landscape. Revenue from operations grew 27% to ₹576 crore, while Operating EBITDA rose 65% to ₹147 crore — exp
Slide 6: Scaling Up with Discipline
Scaling Up with Discipline Strategic Multi-Decade Infrastructure Wins CRISIL CREDIT RATING UPGRADE BMRCL Bangalore Metro Long-Term: A- | Short-Term: A2+ Reflecting Robust Cash Flows & Prudent Leverage (Effective April 21, 2026) 67 new stations added, deploying over 1,00,000 Sq. Ft. of hyper-curated,
Slide 7: Structural Tailwinds for Signpost
Structural Tailwinds for Signpost Structural tailwind* Signpost’s position OOH to ₹85 bn by 2028 (8.3% CAGR); DOOH rising 18% → 25%, Leadership in DOOH and transit — the two fastest-growing segments of the Transit 30% → 33% market Self-serve & programmatic DOOH (deals doubled to 30% in 2025) Captura
Slide 8: Industry Complexity a Structural Moat for Signpost
Industry Complexity a Structural Moat for Signpost What raises the bar for the industry raises the moat for Signpost Industry challenge* Why it becomes a moat for Signpost 18+ year PPP relationships, e-bidding expertise and a clean compliance record turn approval complexity Fragmented municipal fram
Slide 9: Performance Highlights – Quarter & YTD
Performance Highlights – Quarter & YTD Revenue (Rs. Cr) Gross Profit (Rs. Cr) & Margin (%) EBITDA (Rs. Cr) & Margin (%) PAT (Rs. Cr) & Margin (%) +46% +119.6% +243.7% +2,095.3% 162 67 43 21 Quarter 111 31 41.5% 12 13.0% 26.3% 27.6% 11.2% 1 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 0.9% Q4FY25 Q4FY26
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs) Q4FY26 Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 161.9 110.8 46% 575.9 453.2 27% Cost of Services 94.8 80.3 340.3 276.6 Gross Profit 67.1 30.6 120% 235.6 176.7 33% Gross Profit % 41.5% 27.6% 40.9% 39.0% Employee Expenses 12.7 10.1 46.
Slide 11: Quarterly Revenue Breakup
Quarterly Revenue Breakup Segmental (By % of Revenue) Geography (By % of Revenue) Revenue (Rs. in cr.) 111 138 134 142 162 51% 58% 58% 51% 55% 50% 53% 52% 53% 60% 26% 30% 22% 30% 28% 23% 22% 25% 25% 24% 13% 12% 11% 16% 15% 23% 16% 17% 18% 18% 10% 9% 8% 9% 10% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY2
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crore) Mar – 26 Mar – 25 EQUITY & LIABILITIES (Rs. in Crore) Mar – 26 Mar – 25 Non-current Assets Equity Plant and Property Equipments 205.8 175.5 Equity Share Capital 10.7 10.7 Capital Work-in-progress 20.2 33.1 Other Equity 277.0 209.5 Investment Property
Slide 13: Consolidated Cash Flow
Consolidated Cash Flow Particulars (Rs. in Crore) Mar – 26 Mar – 25 Net Profit Before Tax 94.9 45.5 Adjustments for: Non Cash Items / Other Investment or Financial Items 56.6 45.3 Operating profit before working capital changes 151.5 90.7 Changes in working capital -1.1 -36.1 Cash generated from Ope
Slide 14: Key Projects during the quarter
Key Projects during the quarter Agra - Mother RD Filling Bhuwaneshwar - Nikunj Car Fill, Bidyut Marg Varanasi - Anjani Fuel Centre Bangalore Metro Station Bangalore - Metro Wall Cityflo Buses, Hyderabad 13 13 SIGNs of Tomorrow
Slide 15: Key Projects during the quarter
Key Projects during the quarter Jaipur - Ganga Jamuna Chaurahanew Atish Goa - Cityflo Bus Lucknow - Alambagh Bus Stand Market Mumbai - Sahara Star, near Domestic Airport Nagpur- Sitabuildi Flyover,Dhantoli 14 14 SIGNs of Tomorrow
Slide 16: About Us
a, dan RPORTS COULD NEED AS MUCH NEXT-GEN Al ENERGY AS ABOUT 1 MILLION HOUSEHOLDS. ‘OUR FUTURE NEEDS INFINITE CLEAN ENERGY. BKC, Mumbai
Slide 17: Company Snapshot
Company Snapshot Top 3 15,000+ 32+ 1,730+ OOH Player Nationally Assets Managed Cities Across India Active Clients Transit platforms, DOOH & OOH Geographical Footprint 14 years Captura 66% 80,000+ Sq. ft. Avg. Remaining Proprietary AI-Powered Direct Client Premium Digital Pannels Contract Tenure Medi
Slide 18: Company Overview
Company Overview Headquartered in Mumbai, with a portfolio Leading India’s OOH transformation, SIL has spanning 15,000+ transit and digital assets pioneered the shift from conventional across 32+ cities, SIL today serves 1,700+ billboards to a compliance-driven, PPP-led, advertisers, combining scale
Slide 19: Setting Industry Benchmarks: A Journey of Firsts
Setting Industry Benchmarks: A Journey of Firsts First Indian Company to design and deploy India's first computer vision-based video analytics tool smart IOT data systems into DOOH certified by IISc for traffic management and advertising intelligence First to create India’s largest transit portfolio
Slide 20: Key Milestones
Key Milestones PPP pivot; winning first city-wide Technological leap: early investments Year of Reimagination: leveraging contracts for street furniture, bus in cloud-based, digital OOH. Deep tech, data and design amplification to shelters, metro/transit; focus on analytics, dynamic pricing, launch
Slide 21: Geographic Presence
Geographic Presence Billboard Bus Digital Bus Shelter Airport Metro Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness 20 20 SIGNs of Tomorrow
Slide 22: Key Focus Areas
Key Focus Areas Metro Station, Bengaluru 21
Slide 23: Core Strengths
Core Strengths Experienced Leadership Visionary leadership team led by Founder–Managing Director Mr. Shripad Asthekar, supported by experienced professionals including Chairman Mr. Girish Kulkarni and Founder-Director Mr. Dipankar Chatterjee Hyperlocal Solutions Delivering smart, location-intelligen
Slide 24: Business Strategy
Business Strategy Ad-Tech Innovation Building a robust pipeline of open-source data leading to latitude–longitude-based assets across geographies, enabling measurable, data-driven and interactive campaigns. Stakeholder-Centric Growth 04 Sustainable Urban Infrastructure Committed to delivering value
Slide 25: Competitive Advantage
Competitive Advantage Strategic Growth Optionality Platform extendable into urban analytics, mobility data, and smart infrastructure — unlocking future monetization streams Proven Scale & Traction Proven ability to execute large-scale projects simultaneously across multiple geographies with robust S
Slide 26: A Self-Reinforcing Growth Engine
A Self-Reinforcing Growth Engine Three Strategic Pillars of Multi-Year Scale Asset-Light Orchestration 100-City Network Effect Generational Infrastructure Orchestration Over Ownership Localized MSME Scalability Utility Over Legacy Billboards Shifting from heavy legacy physical billboard Deepening lo
Slide 27: Board of Directors
Board of Directors Mr. Girish Kulkarni Mr. Shripad Ashtekar Mr. Dipankar Chatterjee Mr. Rajesh Awasthi Non-Executive Chairman and Executive Director Executive Director Independent Director Managing Director With over four decades of experience, A visionary entrepreneur with a strong A distinguished
Slide 28: Leadership Team
Leadership Team • Mr. Shripad is the founder and managing director • Mr. Rajesh brings over 20 years of experience in of Signpost India Limited, a distinguished AdTech OOH advertising, with expertise in media media company in India, renowned for its acquisition, large-scale infrastructure projects,
Slide 29: Awards and Recognition
Awards and Recognition OOH Media Agency Of The Year 2019 At E4M Neon's OOH Awards 2019 Best Implementation Team Award At EMVIES 2020 Most Awarded Agency At Afaqs Foxglove Awards 6th Edition 2021 The Best of Karnataka Award at the Pepper Creative Awards 2021 Enginneering Design for installed project
Slide 30: Business Segments
Business Segments Kalighat, Kolkata 29
Slide 31: Transit Advertising – 57% of Revenue Share
Transit Advertising Strategic Positioning: Market leadership in high-density locations across major cities in WEST Zones (Work, Entertainment, Shopping, Transit). Asset Base: Large network of buses, metro networks, airport installations across major urban centers Growth Drivers: India's public trans
Slide 32: Digital Advertising – 26% of Revenue Share
Digital Advertising Technology Leadership: First-mover advantage in cloud-based content management systems Market Dynamics: 21%+ growth rate significantly exceeding overall OOH market expansion# Revenue Optimization: Multi-client sharing capability increasing revenue per square foot by 300-400% Netw
Slide 33: Conventional Formats – 17% of Revenue Share
Conventional Formats Stability Factor: Lower-risk, established revenue stream with minimal technology investment Market Position: Selective participation in high-quality, government-backed locations only Strategic Role: Cash generation for digital expansion and portfolio stability during transition
Slide 34: Asset Platform & Monetization Model
Asset Platform & Monetization Model Asset Platform Monetization Channels City Contracts: Bus shelters, metro, airports, and digital assets (7–20 year contracts via H1 techno-commercial bidding) Transit Advertising: Ads across public transport infra (bus shelters, metro stations); long gestation, emb
Slide 35: Marquee Clients
Marquee Clients 34 34 SIGNs of Tomorrow
Slide 36: Key Projects
Key Projects Iconic Digital Bus Shelter, BKC Story Board, Mumbai Metro Line Digital Bus Shelter, Mumbai Switch Double Decker, Mumbai 35 35 SIGNs of Tomorrow
Slide 37: Key Projects
Key Projects Conventional Board, Bangalore Metro Station, Bangalore Volvo, Bangalore Digital Bus Shelter, Bangalore 36 36 SIGNs of Tomorrow
Slide 38: Key Projects
Key Projects Digital Pods, Nagpur Airport Digital Screens, Dharampeth Nagpur Digital Screen, Port Blair Cityflo’s Fleet, Metro Cities 37 37 SIGNs of Tomorrow
Slide 39: Key Projects
Key Projects Digital Pods, CP, New Delhi Digital Pods, Bagdogra Airport Conveyor Belt Screens, Bagdogra Airport 38 38 SIGNs of Tomorrow
Slide 40: Industry Overview
Industry Overview Kotak Metro Station, Mumbai 39
Slide 41: India's OOH Industry Transformation
India’s OOH Industry Transformation • India’s OOH segment reached an all-time high of ₹66.9 billion in 2025, driven by its ability to deliver premium, high-impact visibility for brands • OOH advertising continued strong recovery driven by mobility normalization, premiumization and urban consumption
Slide 42: DOOH & Transit are the Fastest-growing Segments
DOOH & Transit are the Fastest-growing Segments Indian advertising market projected to grow at 8.7% CAGR by 2028 OOH projected to grow at 8.3% CAGR by 2028 1933 85 Gross Revenue (Rs. Billion) 1504 8.7% Gross Revenue (Rs. Billion) 8.3% 1279 67 1184 1088 54 59 48 2022 2023 2024 2025 2028 2022 2023 202
Slide 43: DOOH is Outpacing the Broader Market
DOOH is Outpacing the Broader Market Digital formats are capturing share – DOOH to rise from 18% (2025) → 25% (2028) Digital Digital 18% 25% 2025 2028 75% 82% Static (Traditional) Static (Traditional) Growth Drivers Urbanization & Infra Expansion: more premium DOOH Transit Expansion (50 new airports
Slide 44: Transit Adoption is Accelerating Across India
Transit Adoption is Accelerating Across India Transit’s share of OOH is rising – from 30% (2025) → 33% (2028), outpacing the broader market Transit Transit 30% 33% 2025 2028 70% 67% Rest of OOH Rest of OOH Growth Drivers Metro & Rail Growth: Network expansion and rising Airport Advertising: New airp
Slide 45: Historical Financials
3 ie Te fe Historical Financials
Slide 46: Historical Financial Highlights
Historical Financial Highlights Revenue (Rs. Cr) Gross Profit (Rs. Cr) & Margin (%) +3% +20% 576 236 453 177 387 155 332 124 37.3% 39.9% 39.0% 40.9% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 EBITDA (Rs. Cr) & Margin (%) PAT (Rs. Cr) & Margin (%) +7% 147 +5% 70 83 89 44 70 35 34 25.5% 12.2% 21.0% 21.4%
Slide 47: Historical Revenue Breakup
Historical Revenue Breakup Segmental (By % of Revenue) Geography (By % of Revenue) 52% 55% 57% 60% 52% 73% 19% 19% 26% 26% 17% 28% 18% 13% 13% 26% 17% 6% 10% 9% 4% FY24 FY25 FY26 FY24 FY25 FY26 Transit Media* Digital OOH Conventional OOH & Static Media West South North East Contract Vintage (By % of
Slide 48: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (Rs. Crs) FY26 FY25 FY24 FY23 Revenue from Operations 575.9 453.22 387.45 332.45 Cost of Services 340.3 276.57 232.84 208.32 Gross Profit 235.6 176.65 154.61 124.12 Gross Profit % 40.9% 39.0% 39.9% 37.3% Employee Expenses 46.7 42.71 33.50 2
Slide 49: Historical Balance Sheet
Historical Balance Sheet ASSETS (Rs. in Crore) FY26 FY25 FY24 FY23 EQUITY & LIABILITIES (Rs. in Crore) FY26 FY25 FY24 FY23 Non-current Assets Equity Plant and Property Equipments 205.8 175.5 160.4 60.9 Equity Share Capital 10.7 10.7 10.7 10.7 Capital Work-in-progress 20.2 33.1 22.3 26.5 Other Equity
Slide 50: Historical Cash Flow
Historical Cash Flow Particulars (Rs. in Crore) FY26 FY25 FY24 FY23 Net Profit Before Tax 94.9 45.5 65.7 50.2 Adjustments for: Non Cash Items / Other Investment or Financial Items 56.6 45.3 21.0 31.2 Operating profit before working capital changes 151.5 90.7 86.7 81.4 Changes in working capital -1.1
Slide 51: Signpost India Limited – India's Largest Transit & DOOH Media Company
Signpost India Limited India’s Largest Transit & DOOH Media Company Signpost India is one of the country’s leading Digital-Out-of-Home (DOOH) media and transit-art infrastructure companies. We specialize in large-scale public-space communication, transforming urban environments through innovation, t