I have nothing much to comment on 2022-23 Annual report.
The key parameters as mentioned keep varing from time time ,Quarter to quarter as other economic conditions change. That is true for most sectors.
For Cochin shipyard quarterly performance in the past has been quite lumpy with poor performance for 1-2 quarters followed by excellent perfomance , which perhaps could even out the overall performance. If you refer screener data for last 3-4 quarters performance data, may be you can get some idea.
Market is valuing it due to bulging order book and expected further orders keep flowing due to Atma nirbhar Bharat scheme, strengthening Indian Navy and the other geopolitical situation. Also, these companies could benefit as India can be a base for ship repair maintenance for US Navy and other countries
I had invested as high dividend yield stock some 18 months back. I find now the stock is moving because of industry tailwind.
Discl…Not a buy or sell recommendation. please do your own assessment before investment