Nifty

:

12968.95

Sensex

:

44149.72

-18.05 (-0.14%)
-110.02 (-0.25%)

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Nifty
Sensex

:
:

12968.95
44149.72

-18.05 (-0.14%)
-110.02 (-0.25%)

PDS Multinational Fashions Ltd.

Apparel Retailing

Rating :

66/99

BSE: 538730 | NSE: PDSMFL

Watchlist

NSE BSE

419.65

27-Nov-2020

Open
High
Low
Previous Close

415.30
422.00
414.00
415.15

Volume
Traded Value (lacs)
52 Week High
52 Week Low

3061
12.74
469.95
218.95

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,093.18
59.86
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,337.89
N/A
2.00

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
9.22
10.53

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
38.40
41.06

PAT CAGR (%)

10 Years
5 Years
3 Years

-
13.65
-10.47

P:E (Median)

8 Years
5 Years
3 Years

-
15.27
12.94

P:BV (Average)

8 Years
5 Years
3 Years

-
1.31
1.48

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
11.10
11.18

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 20 Sep 19 Var% Jun 20 Jun 19 Var% Mar 20 Mar 19 Var% Dec 19 Dec 18 Var%
Net Sales 9.80 10.27 -4.58% 5.41 8.78 -38.38% 11.47 11.45 0.17% 10.60 8.37 26.64%
Expenses 7.46 7.46 0.00% 4.32 7.73 -44.11% 9.10 9.62 -5.41% 9.12 7.65 19.22%
EBITDA 2.34 2.81 -16.73% 1.10 1.05 4.76% 2.37 1.83 29.51% 1.48 0.72 105.56%
EBIDTM 23.85% 27.35% 20.24% 11.95% 20.65% 15.95% 13.97% 8.61%
Other Income 0.11 0.27 -59.26% 0.93 0.32 190.62% -0.14 0.48 - 0.30 0.30 0.00%
Interest 0.42 0.45 -6.67% 0.39 0.45 -13.33% 0.42 0.47 -10.64% 0.43 0.48 -10.42%
Depreciation 0.85 0.64 32.81% 0.64 0.62 3.23% 0.64 0.65 -1.54% 0.64 0.64 0.00%
PBT 1.18 1.99 -40.70% 1.00 0.30 233.33% 1.17 1.20 -2.50% 0.71 -0.10 -
Tax 0.28 0.00 0 0.27 -0.33 - 0.41 0.14 192.86% 1.41 -0.55 -
PAT 0.89 1.98 -55.05% 0.72 0.63 14.29% 0.76 1.06 -28.30% -0.70 0.45 -
PATM 9.13% 19.32% 13.37% 7.20% 6.64% 9.26% -6.60% 5.44%
EPS 0.34 0.76 -55.26% 0.28 0.24 16.67% 0.29 0.41 -29.27% -0.27 0.18 -

Description Sep 20 Sep 19 Var% Jun 20 Jun 19 Var% Mar 20 Mar 19 Var% Dec 19 Dec 18 Var%
Net Sales 1,855.51 1,672.84 10.92% 966.67 1,534.55 -37.01% 2,004.07 2,083.15 -3.80% 1,436.58 1,491.27 -3.67%
Expenses 1,820.10 1,645.82 10.59% 951.20 1,509.66 -36.99% 1,894.75 2,001.01 -5.31% 1,414.45 1,469.01 -3.71%
EBITDA 35.41 27.02 31.05% 15.47 24.90 -37.87% 109.32 82.14 33.09% 22.13 22.26 -0.58%
EBIDTM 1.91% 1.62% 1.60% 1.62% 5.46% 3.94% 1.54% 1.49%
Other Income 9.83 8.20 19.88% 16.71 9.60 74.06% -7.43 -6.06 - 16.15 2.91 454.98%
Interest 5.14 4.04 27.23% 10.44 11.45 -8.82% 26.20 7.04 272.16% 7.59 9.29 -18.30%
Depreciation 15.98 9.35 70.91% 15.53 8.66 79.33% 16.82 7.57 122.19% 17.37 4.72 268.01%
PBT 24.12 21.84 10.44% 6.20 14.38 -56.88% 45.30 61.47 -26.31% 13.32 11.16 19.35%
Tax 5.01 0.06 8,250.00% 1.86 0.37 402.70% 7.12 14.90 -52.21% 1.92 -0.31 -
PAT 19.11 21.79 -12.30% 4.34 14.01 -69.02% 38.18 46.57 -18.02% 11.41 11.47 -0.52%
PATM 1.03% 1.30% 0.45% 0.91% 1.91% 2.24% 0.79% 0.77%
EPS 7.35 8.38 -12.29% 1.67 5.39 -69.02% 14.69 17.91 -17.98% 4.39 4.41 -0.45%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Net Sales 37.28 41.12 39.21 18.19 13.39 24.90 6.93 5.12 1.84 Net Sales Growth -4.09% 4.87% 115.56% 35.85% -46.22% 259.31% 35.35% 178.26% Cost Of Goods Sold 3.76 0.00 0.30 0.00 0.00 12.20 1.47 0.00 0.00 Gross Profit 33.52 41.12 38.91 18.19 13.39 12.70 5.47 5.12 1.84 GP Margin 89.92% 100% 99.23% 100% 100% 51.00% 78.93% 100% 100% Total Expenditure 30.00 33.42 34.99 16.01 11.88 23.75 8.00 4.28 1.61 Power & Fuel Cost - 0.39 0.55 0.55 0.04 0.04 0.04 0.04 0.02 % Of Sales - 0.95% 1.40% 3.02% 0.30% 0.16% 0.58% 0.78% 1.09% Employee Cost - 22.56 23.13 10.36 7.69 6.62 3.54 2.53 1.22 % Of Sales - 54.86% 58.99% 56.95% 57.43% 26.59% 51.08% 49.41% 66.30% Manufacturing Exp. - 0.99 0.95 0.87 0.15 0.00 0.41 0.63 0.01 % Of Sales - 2.41% 2.42% 4.78% 1.12% 0% 5.92% 12.30% 0.54% General & Admin Exp. - 8.25 7.13 3.83 3.68 3.69 2.29 0.93 0.30 % Of Sales - 20.06% 18.18% 21.06% 27.48% 14.82% 33.04% 18.16% 16.30% Selling & Distn. Exp. - 0.57 0.68 0.03 0.02 0.08 0.08 0.02 0.01 % Of Sales - 1.39% 1.73% 0.16% 0.15% 0.32% 1.15% 0.39% 0.54% Miscellaneous Exp. - 0.66 2.26 0.37 0.30 1.12 0.16 0.13 0.05 % Of Sales - 1.61% 5.76% 2.03% 2.24% 4.50% 2.31% 2.54% 2.72% EBITDA 7.29 7.70 4.22 2.18 1.51 1.15 -1.07 0.84 0.23 EBITDA Margin 19.55% 18.73% 10.76% 11.98% 11.28% 4.62% -15.44% 16.41% 12.50% Other Income 1.20 0.75 0.95 6.86 0.09 0.11 0.10 0.00 0.00 Interest 1.66 1.74 1.97 2.41 0.04 0.29 0.06 0.08 0.06 Depreciation 2.77 2.54 2.54 2.30 0.77 1.19 0.98 2.12 0.02 PBT 4.06 4.17 0.66 4.34 0.78 -0.21 -2.01 -1.37 0.16 Tax 2.37 1.50 -0.43 0.61 0.25 -0.54 -0.17 -0.42 0.05 Tax Rate 58.37% 35.97% -65.15% 14.06% 32.05% 135.00% 8.46% 30.66% 31.25% PAT 1.67 2.67 1.09 3.72 0.54 0.14 -1.84 -0.95 0.11 PAT before Minority Interest 1.67 2.67 1.09 3.72 0.54 0.14 -1.84 -0.95 0.11 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 4.48% 6.49% 2.78% 20.45% 4.03% 0.56% -26.55% -18.55% 5.98% PAT Growth -59.47% 144.95% -70.70% 588.89% 285.71% - - - EPS 0.64 1.03 0.42 1.43 0.21 0.05 -0.71 -0.37 0.04

Description TTM Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Net Sales 6,262.83 6,648.04 6,485.86 4,923.86 4,616.01 4,276.77 3,872.35 3,687.05 Net Sales Growth -7.65% 2.50% 31.72% 6.67% 7.93% 10.44% 5.03% Cost Of Goods Sold 5,281.03 5,549.30 5,538.25 4,249.25 4,003.94 3,698.44 3,337.11 3,164.56 Gross Profit 981.80 1,098.73 947.61 674.61 612.07 578.32 535.24 522.48 GP Margin 15.68% 16.53% 14.61% 13.70% 13.26% 13.52% 13.82% 14.17% Total Expenditure 6,080.50 6,436.98 6,350.25 4,886.07 4,560.95 4,235.21 3,817.96 3,686.47 Power & Fuel Cost - 4.14 1.81 0.87 0.73 0.20 0.00 0.00 % Of Sales - 0.06% 0.03% 0.02% 0.02% 0.00% 0% 0% Employee Cost - 435.96 379.42 306.38 259.95 237.09 221.01 233.36 % Of Sales - 6.56% 5.85% 6.22% 5.63% 5.54% 5.71% 6.33% Manufacturing Exp. - 19.74 19.52 23.39 9.64 0.00 9.59 21.60 % Of Sales - 0.30% 0.30% 0.48% 0.21% 0% 0.25% 0.59% General & Admin Exp. - 264.15 235.66 166.87 149.41 163.50 129.30 115.31 % Of Sales - 3.97% 3.63% 3.39% 3.24% 3.82% 3.34% 3.13% Selling & Distn. Exp. - 112.35 150.46 84.54 70.58 59.10 55.14 64.73 % Of Sales - 1.69% 2.32% 1.72% 1.53% 1.38% 1.42% 1.76% Miscellaneous Exp. - 51.33 25.13 54.77 66.70 76.87 65.82 86.90 % Of Sales - 0.77% 0.39% 1.11% 1.44% 1.80% 1.70% 2.36% EBITDA 182.33 211.06 135.61 37.79 55.06 41.56 54.39 0.58 EBITDA Margin 2.91% 3.17% 2.09% 0.77% 1.19% 0.97% 1.40% 0.02% Other Income 35.26 26.52 16.12 24.36 16.33 31.25 13.64 61.02 Interest 49.37 74.38 56.32 21.73 13.09 14.16 18.83 16.82 Depreciation 65.70 52.20 26.34 16.40 12.87 14.65 14.63 15.53 PBT 88.94 111.01 69.07 24.02 45.42 44.00 34.57 29.26 Tax 15.91 9.46 0.13 3.18 5.08 0.66 5.41 2.82 Tax Rate 17.89% 9.71% 0.19% 13.24% 11.18% 1.51% 15.94% 10.61% PAT 73.04 52.92 43.89 -6.54 16.20 27.91 21.79 18.37 PAT before Minority Interest 23.75 87.98 68.94 20.84 40.33 43.07 28.54 23.77 Minority Interest -49.29 -35.06 -25.05 -27.38 -24.13 -15.16 -6.75 -5.40 PAT Margin 1.17% 0.80% 0.68% -0.13% 0.35% 0.65% 0.56% 0.50% PAT Growth -22.17% 20.57% - - -41.96% 28.09% 18.62% EPS 28.09 20.35 16.88 -2.52 6.23 10.73 8.38 7.07

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Shareholder's Funds 111.07 108.45 107.36 103.54 103.00 102.86 104.74 0.15 Share Capital 26.05 26.05 26.05 26.05 26.05 26.05 0.05 0.05 Total Reserves 85.02 82.40 81.31 77.49 76.96 76.82 78.69 0.10 Non-Current Liabilities 7.47 8.62 11.79 14.02 13.38 9.57 0.68 0.05 Secured Loans 0.21 0.26 0.00 13.39 0.08 0.14 0.20 0.00 Unsecured Loans 4.11 7.14 10.19 0.00 13.25 9.00 0.00 0.00 Long Term Provisions 1.44 1.28 1.62 0.70 0.37 0.22 0.08 0.04 Current Liabilities 27.95 30.26 22.99 24.79 15.80 6.73 4.89 1.16 Trade Payables 2.62 3.19 1.65 1.64 1.16 0.79 0.29 0.02 Other Current Liabilities 16.63 18.58 10.27 11.94 6.60 2.64 1.07 0.06 Short Term Borrowings 7.34 7.34 11.04 11.15 8.00 3.28 3.53 1.05 Short Term Provisions 1.35 1.15 0.03 0.06 0.04 0.01 0.00 0.04 Total Liabilities 146.49 147.33 142.14 142.35 132.18 119.16 110.31 1.36 Net Block 35.59 36.96 38.28 3.93 4.36 4.32 5.18 0.52 Gross Block 43.38 42.28 41.29 4.67 15.31 14.65 14.46 0.54 Accumulated Depreciation 7.80 5.32 3.01 0.74 10.94 10.33 9.28 0.02 Non Current Assets 137.20 140.05 140.83 138.35 129.64 116.78 109.89 0.70 Capital Work in Progress 0.13 0.09 0.05 8.68 22.93 10.62 2.31 0.00 Non Current Investment 101.10 102.03 100.83 125.31 100.50 100.50 100.50 0.00 Long Term Loans & Adv. 0.36 0.91 1.63 0.37 1.81 1.34 1.90 0.18 Other Non Current Assets 0.02 0.06 0.06 0.06 0.03 0.00 0.00 0.00 Current Assets 9.28 7.28 1.31 4.00 2.55 2.38 0.43 0.66 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sundry Debtors 0.80 1.01 0.04 0.00 0.00 1.09 0.00 0.47 Cash & Bank 2.32 2.47 0.25 3.33 1.45 0.74 0.29 0.07 Other Current Assets 6.17 0.52 0.61 0.65 1.10 0.57 0.13 0.11 Short Term Loans & Adv. 4.74 3.28 0.41 0.01 0.61 0.13 0.02 0.10 Net Current Assets -18.66 -22.98 -21.68 -20.79 -13.25 -4.35 -4.47 -0.50 Total Assets 146.48 147.33 142.14 142.35 132.19 119.16 110.32 1.36

Description Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Shareholder's Funds 558.69 468.20 464.62 463.00 481.09 446.66 399.09 Share Capital 26.05 26.05 26.05 26.05 26.05 26.05 0.05 Total Reserves 532.64 442.15 438.57 436.95 455.05 420.61 373.04 Non-Current Liabilities 83.58 17.08 61.20 38.57 9.88 55.08 49.73 Secured Loans 0.22 0.22 50.27 24.84 0.08 45.64 49.21 Unsecured Loans 4.82 9.41 10.19 13.22 13.25 9.00 0.00 Long Term Provisions 11.95 3.76 0.91 0.70 0.37 0.22 0.08 Current Liabilities 1,684.94 1,654.16 1,055.15 858.70 885.85 837.64 784.08 Trade Payables 579.31 747.63 479.75 376.20 360.67 350.04 301.62 Other Current Liabilities 342.69 194.29 59.92 32.06 26.38 41.19 46.30 Short Term Borrowings 742.14 690.46 491.66 426.82 470.32 420.36 416.28 Short Term Provisions 20.80 21.78 23.82 23.62 28.48 26.05 19.87 Total Liabilities 2,379.67 2,170.33 1,660.20 1,437.17 1,440.75 1,390.72 1,274.03 Net Block 479.04 354.36 273.20 71.82 195.07 192.05 182.70 Gross Block 724.31 523.16 394.84 147.31 306.07 283.47 266.61 Accumulated Depreciation 231.70 168.80 121.64 75.49 111.00 91.43 83.91 Non Current Assets 570.80 442.12 382.63 299.69 260.76 228.34 219.99 Capital Work in Progress 20.72 14.56 30.47 19.54 22.93 10.62 2.31 Non Current Investment 65.32 62.06 73.33 200.87 38.45 16.93 21.34 Long Term Loans & Adv. 5.70 11.04 5.57 7.39 4.28 8.75 13.63 Other Non Current Assets 0.02 0.09 0.06 0.06 0.03 0.00 0.00 Current Assets 1,808.86 1,728.20 1,277.57 1,137.48 1,179.99 1,162.37 1,054.04 Current Investments 23.67 17.40 24.94 5.17 5.05 2.61 1.52 Inventories 183.02 135.96 64.73 34.63 50.27 88.51 120.72 Sundry Debtors 832.44 1,028.71 782.56 728.49 775.23 715.09 583.17 Cash & Bank 502.47 370.24 225.41 248.33 198.75 177.16 211.89 Other Current Assets 267.24 36.32 34.42 13.87 150.69 178.99 136.74 Short Term Loans & Adv. 232.44 139.57 145.50 106.99 149.99 167.35 126.13 Net Current Assets 123.92 74.04 222.42 278.78 294.14 324.73 269.96 Total Assets 2,379.66 2,170.32 1,660.20 1,437.17 1,440.75 1,390.71 1,274.03

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Cash From Operating Activity 4.50 11.47 6.16 11.93 2.83 -0.55 1.68 -0.43 PBT 4.17 0.66 4.34 0.78 -0.40 -2.01 -1.37 0.16 Adjustment 4.08 4.20 4.90 0.75 1.57 1.04 3.02 0.07 Changes in Working Capital -3.69 6.76 -1.91 10.40 1.67 0.41 0.03 -0.61 Cash after chg. in Working capital 4.57 11.62 7.33 11.93 2.84 -0.55 1.68 -0.37 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -0.07 -0.15 -1.17 0.00 0.00 0.00 0.00 -0.06 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -0.01 -3.87 -3.58 -10.80 -13.12 -7.64 -109.59 -0.54 Net Fixed Assets -1.14 -1.03 -27.99 24.89 -12.97 -8.50 -16.23 Net Investments 0.93 -1.20 24.48 -24.81 0.00 0.00 -100.50 Others 0.20 -1.64 -0.07 -10.88 -0.15 0.86 7.14 Cash from Financing Activity -4.64 -5.40 -5.67 1.75 10.01 8.64 108.13 0.99 Net Cash Inflow / Outflow -0.15 2.21 -3.08 2.88 -0.28 0.45 0.22 0.02 Opening Cash & Equivalents 2.46 0.25 3.33 0.45 0.74 0.29 0.07 0.05 Closing Cash & Equivalent 2.31 2.46 0.25 3.33 0.45 0.74 0.29 0.07

Description Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Cash From Operating Activity 280.76 213.15 58.27 120.99 120.77 -10.18 5.46 PBT 90.53 69.01 24.02 45.42 43.73 33.95 26.58 Adjustment 118.69 57.73 50.56 1.33 21.89 39.11 50.70 Changes in Working Capital 81.23 101.32 -16.00 74.78 58.08 -82.67 -89.19 Cash after chg. in Working capital 290.45 228.06 58.57 121.53 123.70 -9.61 -11.91 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -9.69 -14.92 -0.30 -0.53 -2.93 -0.57 17.38 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -78.75 -195.16 -146.84 -46.12 -91.26 3.51 -343.86 Net Fixed Assets -1.14 -1.03 -27.99 24.89 -12.97 -8.50 Net Investments 0.93 -1.20 24.48 -24.81 0.00 0.00 Others -78.54 -192.93 -143.33 -46.20 -78.29 12.01 Cash from Financing Activity -128.04 115.10 65.51 -8.72 -69.73 1.21 393.65 Net Cash Inflow / Outflow 73.97 133.08 -23.05 66.15 -40.22 -5.46 55.25 Opening Cash & Equivalents 240.08 111.56 134.61 68.46 87.32 89.48 0.07 Closing Cash & Equivalent 337.41 240.08 111.56 134.61 68.46 87.32 89.48

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13
Book Value (Rs.) 42.64 41.64 41.22 39.75 39.55 39.49 15748.75 29.98 ROA 1.82% 0.75% 2.62% 0.39% 0.11% -1.60% -1.70% 8.30% ROE 2.44% 1.01% 3.53% 0.52% 0.14% -2.02% -2.41% 75.10% ROCE 4.69% 2.06% 5.26% 0.65% -0.09% -1.74% -2.35% 17.98% Fixed Asset Turnover 0.96 0.94 0.79 1.34 1.66 0.48 0.68 3.39 Receivable days 8.01 4.86 0.78 0.00 0.00 57.18 0.00 93.83 Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Payable days 39.06 31.24 42.19 58.65 17.66 30.10 10.51 4.33 Cash Conversion Cycle -31.06 -26.38 -41.41 -58.65 -17.66 27.07 -10.51 89.49 Total Debt/Equity 0.14 0.16 0.20 0.24 0.22 0.12 0.05 7.01 Interest Cover 3.39 1.33 2.80 19.52 -0.39 -32.41 -15.46 3.78

Description Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14
Book Value (Rs.) 214.49 179.75 178.38 177.76 184.70 171.48 74618.83 ROA 3.87% 3.60% 1.35% 2.80% 3.04% 2.14% 1.87% ROE 17.13% 14.78% 4.49% 8.54% 9.28% 6.96% 6.37% ROCE 13.89% 11.48% 4.70% 6.18% 6.13% 5.91% 5.02% Fixed Asset Turnover 10.66 14.13 18.16 20.36 14.51 14.08 13.83 Receivable days 51.09 50.97 56.01 59.45 63.60 61.19 57.73 Inventory Days 8.76 5.65 3.68 3.36 5.92 9.86 11.95 Payable days 38.99 36.53 33.31 30.85 32.46 32.59 31.38 Cash Conversion Cycle 20.86 20.08 26.38 31.96 37.05 38.46 38.30 Total Debt/Equity 1.34 1.50 1.19 1.00 1.01 1.06 1.25 Interest Cover 2.31 2.23 2.11 4.47 4.09 2.80 2.58

Top Investors:

sanjiv dhireshbhai shah

mukul mahavir agarwal

premier investment fund limited

lts investment fund ltd

c mackertich private limited

chetan dhireshbhai shah

abir investments pvt ltd

Annual Reports:

News Update:

PDS Multinational - Quarterly Results
13th Nov 2020, 20:18 PM

Read More
PDS Multinational Fashions’ arm enters into agreement to invest funds in Hydrocotton
21st Sep 2020, 10:45 AM

PDS Group foresees a lot of synergy value for its supply chain through this investment
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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