Rainbow Papers
BSE: 523523 NSE: RAINBOWPAP CMP: 60.85
Rainbow Papers commenced its journey with its first venture, a creping and dyeing unit in 1981. Since then, there has been no looking back. With two new units now flourishing, Rainbow produces almost 186 different varieties of paper, catering to the diverse segments of the Indian as well as overseas usage market.
Rainbow, today is one of the fastest growing corporations in the Indian paper industry. Not only that, RPL has marked its presence in the global market and is currently exporting its products to various countries in the US, Middle East, South Africa, South East Asia and U.K. They offer a plethora of world class products ranging from duplex to file board, from writing paper to art card and from packaging and electric grade crepe to decorative tissues crepe, have given them a good recognition amongst their users whose thirst for better and new products.
Rainbow does not only aim at manufacturing quality products but also has a wide network of professional dealers and suppliers who strive to make sure our products reach their customers wherever they are. Rainbow's quality, creativity, market awareness and financial strength helps in taking correct decision's and profitable actions for the market we serve and also gives it stability in the stock market.
Rainbow, essentially a ‘Customer Centric Organization', always puts its valued customers in the centre of all the decisions. As a knowledge-driven organization, a lot of emphasis is laid on new product development, quality improvement and cost cutting methods, thus providing to its clients ‘Quality Products with Brilliant Results'. At Rainbow, focus is also laid on creating stakeholder value.
Team Rainbow is also committed to the society. In their quest to serve the needy, its chairperson and other directors have joined hands with different trusts which are running schools, hospitals and homes for senior citizens, thus fulfilling their duties towards the upliftment of the society.
Rainbow has a dedicated research & innovation team, working day and night to achieve the organization's objectives and take the organization to far reaching heights.
At the current market price of Rs 60.00 RPL seems to be under valued based on discounted free cash flow approach. maintain BUY on the stock with a target price of Rs 89/- (41% upside) in 12 months
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