CSPW's best-ever month, Honda back above 1,000 vehicles, Nissan's Global Award and RE Service's highest revenue since COVID-19. This page gathers the half-year's highlights and opens every review tool in one place.
All open here in the hub.
Billing, revenue mix, top items and data completeness by company, from TallyPrime exports.
Open dashboard →All 31 actions with owners and dates, the Action Points League and presentation uploads.
Open tracker →How the HD Attingal export reconciled, and the files still needed from Accounts.
Read the note →Choose companies, years, sections and measures; download one branded PDF or Excel file, with subtotals, grand totals and a verification QR code.
Build a report →Every note, PDF and Excel file carries a document ID and QR code. Check that one is genuine and unaltered.
Verify →How to sign in, find your way around, read every dashboard, build verified reports and manage people. PDF, 39 pages, with screenshots.
Open the manual →CSPW, Honda, AMZES, Nissan, Royal Enfield, BigWing, Canon and HR: H1 against FY 2025–26, from the decks uploaded for 9 October.
Open the divisions →As reported at the HOD meeting on 9 October 2026.
Raised on 9 October, to be reviewed on 3 November.
FY 2025–26 as at 31 March 2026, and the first company on the sales dashboard.
From the provisional financial statements, year ended 31 March 2026.
Revenue in ₹ crore by financial year.
Revenue from operations, Notes 21 and 28.03. The accounts report one segment, so there is no split by brand.
| Line | FY 2025–26 | FY 2024–25 | Change |
|---|---|---|---|
| Two-wheelers 14,010 units, up from 11,835 | ₹123.40 Cr | ₹99.02 Cr | +24.6% |
| Spares, accessories & oil | ₹40.39 Cr | ₹35.38 Cr | +14.2% |
| Services | ₹11.43 Cr | ₹10.42 Cr | +9.7% |
| Office automation equipment | ₹3.89 Cr | ₹5.36 Cr | −27.3% |
| Insurance & finance commission | ₹3.68 Cr | ₹3.10 Cr | +18.7% |
| Total | ₹182.80 Cr | ₹153.28 Cr | +19.3% |
The office automation decline (−27.3%) matches the scanner slowdown Canon reported for H1. The H1 FY 2026–27 comparison by division lands here once the half-year decks are in.
Attingal, Kulasekharam, Marthandam, Nedumangad and Varkala, from their TallyPrime registers and stock summaries.
Debt, cost of debt and stock at 31 March 2026, against the two years before. Provisional accounts.
Operating profit is at a four-year high (₹5.01 Cr). The fall in net profit comes from the cost of debt, not from trading.
Borrowings have more than doubled in two years and now match net worth. In FY 2025–26, operating cash covered under half of the year's debt service (0.46x, against at least 1x for comfort).
Ask Accounts: how much of the new borrowing funds stock, and is moving the new term loans to longer tenors planned? A coverage ratio below 1x needs an explanation before any lender or banker reviews the accounts.
Sources: finance costs and inventories from the provisional financial statements, year ended 31 March 2026. Borrowings, net worth and both ratios as reported from the auditor's ratio note (Note 28.30) in the IPO-readiness review; marked confirm until checked against the signed accounts.
Worked out from the FY 2025–26 accounts and the HD Attingal register. Each ends with a question for the owner.
Gross margin = sales − (opening stock + purchases − closing stock), as a share of sales.
Ask Accounts: office automation shows a negative margin in both years. "Purchases" includes expenses, so confirm whether Canon/OAIP really sells below cost.
Closing stock rose from 845 to 1,111 units while units sold rose 18% (11,835 to 14,010).
Ask: what are the ageing and holding cost of the extra 266 units?
Finance costs rose from ₹2.34 Cr to ₹3.79 Cr, against revenue growth of 19.3%. Higher stock is a likely driver.
Ask: how much of the borrowing funds inventory?
Two-wheeler sales value divided by units, up from ₹83,664. Price and mix did part of the growth work.
Ask: how much is model mix and how much is price increases?
₹10.1 L of discount against ₹34.6 L of spares (18.5% if it also covers accessories). 23.6% of service jobs carry a discount.
Ask: who approves discounts, and is there a cap per job?
₹725 of labour plus ₹786 of parts and accessories, before GST and discount, across 5,037 jobs.
Ask: what is the target per job for H2?
Each appears on the same share of jobs, so they are likely sold as a pair. Together they earned ₹16.2 L.
Ask: what share of eligible vehicles should get it?
Of 1,345 items sold, 9% carry 80% of the value. Engine oil 600 ml alone is ₹8.0 L.
Ask: are these 123 items ever out of stock?
The workshop is busiest early in the week. Sundays average 18 bills on the 6 Sundays it billed.
Ask: can bookings move to Thursday?
Not possible yet: repeat visits and service intervals need a clean customer or vehicle ID in the export, and division-level comparisons need the uploaded H1 decks.
Action plan levels from the minutes.