Satya's Weblog

RoA is a ratio which are used in comparison with others. It is useful when you compare with businesses which are in similar business.
But, still there could be minimum value you want to see companies producing for its Assets!

I was looking at that and here is the number for Minimum Return On Asset you should look for!
Minimum Return On Asset should be 5% for a company. Again, remember it depends on sector to sector. and I reached at this number after Googling.

Return on Assets (RoA) = Net Income/Avg Total Assets

Wiki also mention 5% is the good number for RoA.

I have found this useful image on net on Ratio:

It is very difficult to check if you cannot connect to Wifi when all other systems can connect to that Wifi Router. Kindle does not give you any specific problem which can help you solve the problem.

I had a tough time one time earlier. Recently, once again I was scratching my head when I cannot connect Kindle Paperwhite to Wifi Router (JioFi).

I was recalling what change I had made that time. That did not came but I got one thing which was not working for Kindle Reader. It was 802.11 Mode. It has setting such as B/G/N/B+G/G+N/B+G+N/. I recently made it N as this is the latest and most of your device can use this. So, why let router shuffle. But then Kindle was not able to connect to Wifi Router.So, I changed 802.11 Mode to B+G+N. Now, Kindle eReader can connect to Wifi.

Kindle Vs Kobo

Here is Modi govt's real work. You see no Export or Import growth. Even if we cannot export then Import will surely happen if domestically people are having more money in their pocket. So, Modi govt's claim that they have done wonder to economy is fake. Nothing good Jaitely could achieve. Only, GST they could implement that also not in a good way.

Export has decreased when compared to 2014.

Mangalam Organics sells Camphor products. Its main product is Camphor as segment. In this segment, it has Camphor, Dipentene and Sodium Acetate. In all three, it sells Camphor mainly for profit.

I was checking Mangalam Organics product's review on Amazon.in. I am not sure if its product is pure or not after reading many reviews.


Mangalam Organics is available on cheaper valuation. If it can maintain its profit and sales growth then this is very cheap currently.

CMP: Rs 504.

Its Camphor is REACH certified which is required under European law to sell at that place.  I have checked for Bornan-2-one which is mentioned in the pdf and found that Bornan-2-one is Camphor from here. But the PDF does not mention anything about whether it is Organic or not.

Its input price is volatile and demand-supply is dependent on China. Import from China has decreased which has helped the company.

CRISIL has rated it is Sept 2018. From BBB+/Stable to BBB+/Positive.

Peers: Kanchi Karpooram Ltd.

Kanchi Karpooram and this company is looking same on product mix. Both are subject to raw material price volatility. Mangalam Organics has tied up with a company called DRT, France is short. It will help in marketing Resins and product development. This will take time to come to reality.

This comparison on Google Finance shows that Small Cap gains sharply and correctly sharply than Sensex. Today, I read that Small Cap are cyclical. I see that is not right. I see here both gain together and fall together over longer period. Only point to remember is Small Cap is high beta.
Also to note is that bear market ends when small Cap touch Sensex. So, over longer period both gives almost same gain to you if we go by index.


Now, we need to understand that timing matters a lot here. We take high risk in SmallCap. But, if we remain invested then we can loose all gain in market correction as both indexes join each other over longer period. When market corrects then Small Cap comes down faster to touch Sensex.
Also, if we decide to remain invested in Stock Market in bear phase and correction is not over yet then shifting to large companies and high quality companies in respective sector is the only option in general.
Individual Stocks can perform differently. For example, any new company catching market share from larger companies. But, it is not easy to catch this. See, even after very good results by few, they are correcting in this correction.

Tried to check data for Nifty but Google Finance is not giving data older than 2016 for Nifty Small Cap 50 and SmallCap 250. This comparison over shorter period is meaningless. I think, BSE comparison given us fair idea.