Consolidated
AccountingAccounts combining the parent with its subsidiaries line by line.
In plain terms
The economic entity you own a share of. Use this for almost every purpose.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Consolidated Account Statement
Market basicsAlso called: CAS
A single statement covering mutual fund and demat holdings across providers.
In plain terms
The most useful document most Indian investors have never opened. It finds the folios you forgot.
Consolidated accounts
AccountingFinancial statements combining the parent company and all its subsidiaries.
In plain terms
Always use these. Standalone accounts hide the debt and losses sitting in subsidiaries.
Consolidated tape
Trading & ordersA single combined feed of every trade in a security across all venues — a feature of United States market structure with no Indian equivalent.
In plain terms
India has no combined national print. Each exchange broadcasts its own trades, so the volume figure you read belongs to one venue rather than to the market.
Form 26AS
Regulation & taxThe government’s consolidated statement of tax deposited against your PAN, including TDS, advance tax and self-assessment tax.
In plain terms
Credit for tax deducted exists only once the deductor has both deposited it and filed a return quoting your PAN correctly. Check this rather than the deductor’s word before filing.
Inorganic growth
Fundamental analysisAlso called: Acquired growth
Revenue and profit added by acquiring another business, consolidated from the acquisition date onwards.
In plain terms
Growth that was bought rather than grown, at a price the revenue line never mentions. A mid-year acquisition flatters two consecutive years, and then stops.
Material subsidiary
Regulation & taxA subsidiary whose income or net worth exceeds a defined share of the listed group’s consolidated figures, attracting extra governance obligations under the listing regulations.
In plain terms
A subsidiary large enough that it cannot be governed entirely out of sight. The threshold has been tightened over the years, so read the current definition rather than a remembered one.
Organic growth
Fundamental analysisAlso called: Like-for-like growth, Underlying growth
Growth produced by the business the company already owned, excluding revenue consolidated from acquisitions made during the period.
In plain terms
The like-for-like number. A company reporting 18% having bought a third of the increase did not grow 18%.
Subsidiary
AccountingA company controlled by another, consolidated into its accounts.
In plain terms
The statement of subsidiaries names exactly which one is losing money.
NSDL
Market basicsNational Securities Depository Limited — India's other depository, and the older of the two.
In plain terms
Same role as CDSL. Which one holds your account depends on your broker, and both issue a consolidated statement.
Registrar of Companies
Regulation & taxAlso called: RoC, ROC, MCA, Ministry of Corporate Affairs, AOC-4, MGT-7
The office under the Ministry of Corporate Affairs with which every Indian company, listed or not, files its incorporation details, annual accounts, annual return and charges.
In plain terms
Where an unlisted subsidiary’s own accounts live. The consolidated statement gives you one line; the registrar gives you that entity’s full balance sheet.
Segment reporting
Fundamental analysisDisclosure of revenue, result and assets for each reportable business division.
In plain terms
Consolidated numbers average a great business with a poor one. This note separates them.
Subsidiary opacity
Fundamental analysisLosses, debt or transactions parked in subsidiaries — often overseas ones — where they are harder to examine.
In plain terms
It shows as a large and growing gap between standalone and consolidated profit. A parent that looks healthy alone and weak consolidated is telling you where to look.
Translation effect
AccountingThe impact of exchange rates when converting a foreign subsidiary’s accounts.
In plain terms
It changes reported consolidated numbers without anything operational happening.