By virtue of being leading player in the domestic market, ESAB India has been able to manage volatility and its impact arising from its major raw material (steel). With ability to produce consistent positive cash flows, stable profitability, mingled with healthy asset turnover ratio, huge cash & investments balance enables it to price competitively to gain market share going forward. Therefore, the company has plenty of headroom to grow. Apart from the welding business, ESAB India provides its support service activities out of India in the areas of R&D; and shared services for other subsidiaries of Colfax around the world. Looking ahead,...