The research workspace for Indian equities

Every number,
traced to its source.

EQTrace is an evidence-first research workspace for Indian listed equities. See what changed in a company's numbers, why it may have changed, and the exact filing page that proves it.

For research and information only · Not investment advice

◎ Source on every number◷ Point-in-time view❝ Cited answers
How it works

From a filing to an answer, with receipts.

Code does the maths. AI only explains, and only from evidence it can cite.

01

Collect

Official exchange filings and company disclosures are stored as immutable files with checksums.

02

Calculate

Numbers are extracted and computed by deterministic code. Missing stays missing, never zero.

03

Detect

A ranked What Changed feed shows direction, size and materiality for every period comparison.

04

Explain

Ask the research panel. Each claim carries a citation or an honest UNKNOWN.

Source file→Raw fact→Canonical metric→Derived metric→Change event→Cited explanation
Features

Built for people who check the source.

What Changed

Material movements ranked for you, with periods compared and the evidence attached.

Evidence drawer

Source, page, snippet and rights status. Open the cited filing page in one click.

Point-in-time view

Pick an "as known on" date and see only what was published and ingested by then.

Cited AI research

Answers are validated before they are shown. Thin evidence gets UNKNOWN, not a guess.

Honest data states

Partial, stale, conflicted, restated: every value says what it is. Colour is never the only signal.

Sessions and notes

Save hypotheses and test them against new filings as they arrive.

The workspace

One place to understand a company.

Financials, filings and answers sit side by side, and every value is one click from its source.

as known on 14 Oct 2026 ▾
Sample Industries Ltd · consolidated · ₹ crore
MetricFY25FY26State
Revenue from operations1,10,4521,19,500✓ READY
EBITDA31,88034,567ƒ DERIVED
Net profit19,204—? UNKNOWN
Total debt8,1207,960↻ RESTATED
EVIDENCERIGHTS: PUBLIC DISCLOSURE
Quarterly results · Q2 FY26 · page 4 · table 2

Revenue from operations, consolidated, for the quarter ended 30 September.

Annual report · FY25 · page 112 · note 18

Restated comparative figures for total debt are disclosed in the notes.

Open document at page 4
Why did operating margin move in Q2?
FACTresults · p.4

Operating margin was 28.0% in Q2 FY26, calculated from reported revenue and EBITDA.

UNKNOWN

The filings do not state a reason for the movement.

numbers validated · citations checked
Sample data for illustration. Not a real company or a recommendation.
Principles

Calm, rigorous and unafraid to say "unknown".

A well-edited filing, not a trading terminal. No hype, no flashing tickers, no advice.

01
Numbers come from codeAn AI model never produces or alters a figure.
02
Missing is never zeroGaps show as a dash with the reason.
03
History is never overwrittenRestatements add a new version and keep the original.
04
No investment adviceNo buy, sell or hold calls, no price targets.
FAQ

Straight answers.

Does EQTrace give investment advice?

No. EQTrace is for research and information only. There are no buy, sell or hold calls, no price targets and no personalised recommendations.

Where do the numbers come from?

Official exchange filings and company disclosures, stored as original files. Every value links back to its source page.

Can the AI make up numbers?

No. Figures are calculated by deterministic code. The AI only explains from retrieved evidence, answers are validated before they appear, and thin evidence returns Unknown.

What if sources disagree or a figure is restated?

Both values are kept and flagged as a conflict. A restatement adds a new version, and the original stays one click away.

Get started

Trace your first number.

Request access to your EQTrace workspace. Your email is never shared or sold.

✓

Request received

Thanks. We will be in touch at your email shortly.