---
title: "Rainbow Papers Ltd (RAINBOWPAP) — Share Price, Financials & Analysis"
symbol: "RAINBOWPAP"
company: "Rainbow Papers Ltd"
canonical: "https://tapetide.com/stocks/RAINBOWPAP"
isin: "INE028D01025"
nse_symbol: "RAINBOWPAP"
bse_code: "523523"
sector: "Commodities"
industry: "Paper, Forest & Jute Products"
generated_at: "2026-09-13T19:45:21.068Z"
---

# Rainbow Papers Ltd (RAINBOWPAP)

Canonical page: https://tapetide.com/stocks/RAINBOWPAP

## Company

- **NSE Symbol:** RAINBOWPAP
- **BSE Code:** 523523
- **ISIN:** INE028D01025
- **Sector:** Commodities
- **Industry:** Paper, Forest & Jute Products
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** rainbowpapers.com

## About

Rainbow Papers is engaged in manufacturing and trading of paper. The Company is engaged in manufacturing and processing of paper products.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -77.9% over past five years.
- Contingent liabilities of Rs.23.3 Cr.
- Debtor days have increased from 60.0 to 91.2 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 54% | — | — |
| revenue growth | -100% | -92% | -78% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 61 | 44 | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 157 | 52 | 18 | 7 | 1 | 79 | 5 | 3 | 0 | 2 | 1 | 1 |
| Operating Profit | -96 | -8 | -11 | -7 | -1 | -79 | -5 | -3 | 0 | -2 | -1 | -1 |
| OPM % | -157 | -18 | -147 | -4100 | -990 | — | -1736 | — | — | — | — | — |
| Other Income | -25 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 68 | 9 | 7 | -1 | -7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 109 | 25 | 25 | 25 | 61 | 28 | 28 | 28 | 28 | 24 | 24 | 24 |
| Profit before tax | -298 | -41 | -43 | -31 | -55 | -107 | -33 | -31 | -28 | -26 | -25 | -25 |
| Tax % | 17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -350 | -41 | -43 | -31 | -55 | -107 | -33 | -31 | -28 | -26 | -25 | -25 |
| EPS in Rs | -32.94 | -3.88 | -4.01 | -2.92 | -5.14 | -10.09 | -3.08 | -2.89 | -2.65 | -2.43 | -2.35 | -2.33 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 264 | 388 | 450 | 527 | 656 | 559 | 349 | 52 | 0 | 0 |
| Expenses | 204 | 305 | 357 | 425 | 524 | 456 | 537 | 78 | 88 | 3 |
| Operating Profit | 60 | 83 | 93 | 102 | 132 | 103 | -188 | -27 | -88 | -3 |
| OPM % | 23 | 21 | 21 | 19 | 20 | 18 | -54 | -52 | -31282 | — |
| Other Income | 10 | 10 | 2 | 7 | 11 | 12 | -18 | 1 | 0 | 0 |
| Interest | 14 | 20 | 29 | 35 | 61 | 71 | 126 | 8 | 0 | 0 |
| Depreciation | 24 | 28 | 26 | 27 | 48 | 39 | 136 | 136 | 111 | 100 |
| Profit before tax | 31 | 45 | 41 | 48 | 34 | 6 | -468 | -169 | -199 | -104 |
| Tax % | 24 | 18 | 20 | 26 | 29 | -323 | 11 | 0 | 0 | — |
| Net Profit | 24 | 37 | 33 | 35 | 24 | 24 | -520 | -169 | -199 | -104 |
| EPS in Rs | 2.71 | 4.25 | 3.59 | 3.58 | 2.43 | 2.3 | -48.92 | -15.95 | -18.71 | -9.76 |
| Dividend Payout % | 15 | 9 | 11 | 11 | 16 | 9 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Sep 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 17 | 17 | 18 | 20 | 20 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 204 | 268 | 298 | 382 | 613 | 675 | 154 | -9 | -208 | -259 |
| Borrowings | 336 | 434 | 569 | 819 | 886 | 700 | 1013 | 1162 | 1160 | 580 |
| Other Liabilities | 96 | 80 | 112 | 179 | 303 | 657 | 413 | 232 | 263 | 846 |
| Total Liabilities | 654 | 798 | 998 | 1399 | 1822 | 2053 | 1601 | 1406 | 1236 | 1188 |
| Fixed Assets | 314 | 294 | 310 | 628 | 1009 | 996 | 1368 | 1231 | 1120 | 1072 |
| CWIP | 112 | 233 | 386 | 356 | 374 | 547 | 63 | 64 | 64 | 64 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 14 | 4 | 4 |
| Other Assets | 228 | 271 | 302 | 415 | 439 | 510 | 170 | 97 | 48 | 48 |
| Total Assets | 654 | 798 | 998 | 1399 | 1822 | 2053 | 1601 | 1406 | 1236 | 1188 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 38 | 58 | 51 | 72 | 79 | 163 | 39 | 42 | -123 | 35 |
| Cash from Investing Activity | -145 | -108 | -186 | -214 | -386 | -231 | -144 | -12 | -15 | 1 |
| Cash from Financing Activity | 114 | 159 | 89 | 107 | 283 | 68 | 144 | -77 | 129 | -6 |
| Net Cash Flow | 6 | 109 | -45 | -35 | -24 | 0 | 39 | -47 | -9 | 30 |
| Free Cash Flow | -108 | -53 | -128 | -113 | -239 | -74 | -159 | 20 | -124 | 35 |
| CFO/OP | 84 | 106 | 73 | 85 | 83 | 131 | 38 | -23 | 462 | -40 |

### Ratios

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 51 | 54 | 46 | 44 | 81 | 52 | 82 | 38 | 51 | 91 |
| Inventory Days | 91 | 94 | 96 | 126 | 103 | 121 | 192 | 18 | 90 | 10598 |
| Days Payable | 128 | 158 | 87 | 98 | 127 | 146 | 145 | 176 | 1583 | 191182 |
| Cash Conversion Cycle | 14 | -9 | 55 | 73 | 56 | 26 | 129 | -120 | -1441 | -180492 |
| Working Capital Days | 35 | 33 | -89 | -65 | -8 | -36 | 4 | -697 | -8878 | -1713519 |
| ROCE % | 10 | 10 | 10 | 9 | 8 | 7 | 5 | -25 | -14 | -18 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Dec 2018 |
| --- | --- | --- | --- |
| Promoters | 14.78% | 13.37% | 13.37% |
| FIIs | 28.12% | 28.06% | 28.04% |
| DIIs | 10.34% | 10.34% | 10.34% |
| Public | 46.76% | 48.24% | 48.25% |
| No. of Shareholders | 8507 | 11755 | 11905 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 18.78% | 14.78% | 14.78% | 14.78% | 14.78% | 14.78% | 13.37% | 13.37% | 13.37% | 13.37% | 13.37% |
| FIIs | 28.12% | 0% | 28.12% | 28.12% | 28.12% | 28.12% | 28.12% | 28.06% | 28.04% | 28.04% | 28.04% |
| DIIs | 18.85% | 38.53% | 10.4% | 10.34% | 10.34% | 10.34% | 10.34% | 10.34% | 10.34% | 10.34% | 10.34% |
| Public | 34.24% | 46.7% | 46.7% | 46.76% | 46.76% | 46.76% | 48.17% | 48.24% | 48.25% | 48.25% | 48.25% |
| No. of Shareholders | 5097 | 7850 | 8602 | 8507 | 8932 | 9082 | 10570 | 11755 | 11937 | 11917 | 11905 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 166.35 | Sell |
| EMA (10) | 166.27 | Sell |
| SMA (20) | 170.81 | Sell |
| EMA (20) | 170.04 | Sell |
| SMA (50) | 175.92 | Sell |
| EMA (50) | 172.63 | Sell |
| SMA (100) | 169.44 | Sell |
| EMA (100) | 172.7 | Sell |
| SMA (200) | 172.23 | Sell |
| EMA (200) | 183.47 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.8 | Neutral |
| MACD (12,26,9) | -4.12 | Sell |
| Stochastic (14,3,3) | 25.52 | Neutral |
| ADX (14) | 22.5 | Neutral |
| Williams %R (14) | -66.62 | Neutral |
| ATR (14) | 6.73 | High Volatility |
| ROC (12) | -5.29 | Sell |
| Stoch RSI (14) | 18.59 | Buy |
| UO (7,14,28) | 46.51 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 5 Mar 2019 - Approval of Resolution Plan by Hon'ble National Company Law Tribunal, Ahmedabad Bench | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 Mar 2019 - Approval of Resolution Plan by Hon'ble National Company Law Tribunal, Ahmedabad Bench](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b79f85fd-29b1-42a9-a8f7-bc02b359937a.pdf) |
| 5 Mar 2019 - Approval of Resolution Plan by Hon'ble National Company Law Tribunal, Ahmedabad Bench | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 Mar 2019 - Approval of Resolution Plan by Hon'ble National Company Law Tribunal, Ahmedabad Bench](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b79f85fd-29b1-42a9-a8f7-bc02b359937a.pdf) |
| — | [Outcome of Board Meeting 14 Feb 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6231d37b-20cf-49ad-8a1a-00e61d899d20.pdf) |
| — | [Unaudited Results For The Quarter And Nine Months Ended On 31/12/2018 14 Feb 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=80728c7e-1766-4967-b160-7425f47411a8.pdf) |
| — | [Outcome of Board Meeting 14 Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/6231d37b-20cf-49ad-8a1a-00e61d899d20.pdf) |
| — | [Unaudited Results For The Quarter And Nine Months Ended On 31/12/2018 14 Feb 2019](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2019/2/80728c7e-1766-4967-b160-7425f47411a8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1563_RAINBOWPAP_2012_2013_10092013113824.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_RAINBOWPAP_2011_2012_18092012075651.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_RAINBOWPAP_2010_2011_21092011121414.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_RAINBOWPAP_2009_2010_13092010120000.zip) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/523523/5235230318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/523523/5235230317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/523523/5235230316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/523523/5235230315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/523523/5235230314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/523523/5235230313.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:45:21.068Z.