Pre-launch · Building in the open
Read the fine print,
before it reads you.
Clarivest scrutinises annual reports, quarterly results, and disclosures across India’s most liquid listed companies — the way an auditor reads them, translated into plain language for everyone else.
Clarivest is a research tool, not a registered investment adviser. We’re building toward SEBI Research Analyst registration before any paid service launches.
The Company has recognised interest expense of ₹412.3 Cr for the quarter, including amounts pertaining to borrowings currently under moratorium. Pending final resolution, no adjustment has been made to the carrying value of such liabilities.
The auditors have not expressed an opinion on the accompanying financial results.
Translation: the auditor declined to sign off — and interest keeps accruing on debt that's legally frozen.
What we actually read
Auditor language, translated.
Every flag Clarivest surfaces is a phrase real filings use — decoded into what it means for a shareholder.
Disclaimer of Conclusion
The auditor couldn't get enough evidence to sign off — a step beyond an ordinary qualification.
Related Party Transaction Schedule
Money moving between the company and people connected to its management or promoters.
Material Uncertainty — Going Concern
The auditor has real doubt the company can keep operating without a rescue plan.
Q4 as a Balancing Figure
The last quarter is whatever number makes the audited full year add up — worth a second look.
Segment Assets vs. Segment Liabilities
Whether a division that looks profitable is actually carrying its share of the company's debt.
Rights Issue at Deep Discount
Existing shareholders are being asked to put in more money, often a sign the company needs cash fast.
The process
Three steps, in order.
Ingest the primary source
Annual reports and quarterly results pulled directly from exchange filings and regulatory XBRL — not a paraphrase of them.
Scrutinise like an auditor
Cross-check every figure against itself — segment totals, tax reconciliation, related-party disclosures — and flag what doesn't add up.
Report in plain language
A clear, structured summary of what the filing actually says, and what deserves a closer look before you decide.
Nifty 500
Coverage scoped to India’s most liquid listed companies — the ones you can actually trade in size.
NSE · BSE · MCA
Sourced from exchange and regulatory filings directly, not a third-party summary of them.
Ind AS
Built around the accounting standard Indian filings actually use, not a generic global template.
Before we launch
We’re registering as a SEBI Research Analyst first.
Clarivest isn’t open yet — we’d rather finish that properly than rush. Leave your email and we’ll tell you the day it does.