OpenKuber vs Capitaline
Capitaline, from Capital Market Publishers India, is a database of Indian listed and unlisted companies with financials, shareholding, prices, announcements and Excel add-ins. OpenKuber builds IROHA, which explains a specific NSE price move by attributing it to market, sector, macro and company-specific causes, each tested against evidence. Capitaline supplies the data; IROHA explains the moves.
Capitaline describes itself as: "A bridge between you and your financial decisions" (source, checked 2 Nov 2026)
Use Capitaline when…
- You need long histories of Indian company financials across many industries
- You want customised Excel add-ins over that data
Use OpenKuber when…
- You need a tested explanation of why a stock moved
- You want shocks separated from market and sector moves across your holdings
Side by side
| Capability | Capitaline | OpenKuber (IROHA) | Source |
|---|---|---|---|
| Company financial data | Yes. "A digital database of 55,000 listed & unlisted companies in India" | Not offered. Use your existing data provider | link |
| Excel add-ins | Yes. Customised Excel add-ins | 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 Capitaline'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
Use Capitaline for fundamentals and history; use IROHA to explain the price moves those fundamentals sit behind.
Questions
Is Capitaline the same company as ACE Equity?
No. Capitaline is from Capital Market Publishers India Pvt. Ltd.; ACE Equity is from Accord Fintech Pvt. Ltd.
Sources
Last reviewed 2 November 2026; next review by 31 January 2027. Capitaline is a trademark of Capital Market Publishers India Pvt. Ltd., used here only to identify the product. OpenKuber is not affiliated with Capital Market Publishers India Pvt. Ltd.. Spotted an error? Email [email protected] and we will correct it.
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