- Escorts derives revenue ~73% from agri equipment, ~16% from construction, ~11% from Railway (Q1).
- ACE derives revenue ~6% from agri equipment & remaining from Cranes/construction equipment (Q1), very different revenue profile
- Sanghvi is purely into rentals + EPC which they started recently. One of their Big client INOX is planning to get into Crane Rental themselves for backward integration, so there is some market concern.
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