Cochin Shipyard – No more Cheap

Would be great if you can share your views on below, As per AR FY23, the weakness mentioned in the business , none of them can be mitigated. I am wondering even if the execution improves, how will EPS increase. The weakness mentioned in AR are per below

1. Virtually non-existent indigenous ancillary industries and consequently non-availability of major equipment/raw materials in India;
2. Difficulty to arrange long term project finance to ship owners which is offered by other overseas shipbuilding countries;
3. Higher finance costs and logistics costs resulting in higher input costs for production;
4. Comparatively higher social and employee overheads and certain restrictive labour practices especially for contracting labou
5. Governmental system induced procedural delays.