OpenKuber vs ACE Equity Nxt
ACE Equity Nxt from Accord Fintech is a financial database of Indian companies: statements, ratios, shareholding, prices, corporate actions and documents, with an Excel plug-in. OpenKuber builds IROHA, which does not replace that data. It explains a specific NSE price move by attributing it to market, sector, macro and company-specific causes and testing each one. ACE Equity holds the data; IROHA explains the moves.
ACE Equity Nxt describes itself as: "provides comprehensive financial data of listed and private companies" (source, checked 2 Nov 2026)
Use ACE Equity Nxt when…
- You need financial statements, ratios and shareholding for Indian listed and private companies
- You build models in Excel and want auto-refreshing data
- You need annual reports, transcripts and presentations in one place
Use OpenKuber when…
- You need to know why a stock moved, not just what its numbers are
- You want company-specific shocks separated from market and sector moves
- You want stress tests and sizing inputs from tested causes
Side by side
| Capability | ACE Equity Nxt | OpenKuber (IROHA) | Source |
|---|---|---|---|
| Company financial data | Yes. "more than 40,000 Indian companies, including 7,000 listed and 33,000 private" | Not offered. Use your existing data provider | link |
| Excel plug-in | Yes. "Excel Plug-in" with "Auto refresh facility" | Not offered | link |
| Screening | Yes. "Query / Screening Tools" | Not offered | link |
| Attribution of a stock move to causes | Not listed on their site as of 2 Nov 2026 | Yes. Splits a move into market, sector, macro and company-specific parts | Their site, 2 Nov 2026 |
| Causal inference | Not listed on their site as of 2 Nov 2026 | Yes. Each cause is accepted only if it passes evidence tests (pooled test, placebo dates, intraday windows) | Their site, 2 Nov 2026 |
Competitor details come from ACE Equity Nxt's own public pages as checked on 2 Nov 2026. Features change; check their site for the current position.
A worked example only IROHA shows
From 21 Aug – 7 Oct 2026 RAYMOND rose +52.8%. IROHA attributes −0.5 points to the market, −1.9 to textile peers and +53.1 to the company, where the dated cause is an aerospace order win and policy news and company news pass every causal test. See the full breakdown.
Using them together
Keep ACE Equity as the system of record for fundamentals. Add IROHA when a holding moves sharply and you need a sourced explanation of how much came from the company versus the market and sector.
Questions
Does IROHA replace a fundamentals database?
No. IROHA does not supply financial statements. It explains price moves and works alongside your data provider.
Sources
Last reviewed 2 November 2026; next review by 31 January 2027. ACE Equity Nxt is a trademark of Accord Fintech Pvt. Ltd., used here only to identify the product. OpenKuber is not affiliated with Accord Fintech Pvt. Ltd.. Spotted an error? Email [email protected] and we will correct it.
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