Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹13 Cr.
Stock P/E
4.6
P/B
0.7
Current Price
₹21
Book Value
₹ 30.8
Face Value
10
52W High
₹54.9
52W Low
₹ 13.8
Dividend Yield
—

Western Overseas Overview

Business

Western Overseas Study Abroad Ltd. (WOSAL) operates as an educational consultancy primarily focused on assisting Indian students in pursuing higher education abroad. Its core business model involves providing comprehensive services such as career counseling, university and course selection, application submission assistance, standardized test preparation guidance (e.g., IELTS, TOEFL, GRE, GMAT), visa application support, financial aid guidance, and pre-departure briefings. The company generates revenue primarily through service fees charged to students for its consultancy and application support, and potentially through commissions received from partner universities and educational institutions abroad for successful student enrollments.

Revenue Mix

Without specific financial data, the company's revenue segments are likely defined by popular study destinations (e.g., Canada, USA, UK, Australia, Europe) or by the type of academic program (undergraduate, postgraduate, vocational courses). Revenue mix would typically be dominated by service fees from students, which can vary based on the complexity of services and destination country, and potentially commissions from a network of foreign educational institutions. Specific contributions from each segment are not available.

Industry

The study abroad consultancy industry in India is highly dynamic, competitive, and largely fragmented, with numerous local, regional, and a few national players. The market is driven by increasing aspirations among Indian youth for international education and better career prospects. WOSAL operates within this competitive landscape, positioning itself as a facilitator connecting students with international educational opportunities. Its positioning relative to peers would depend on factors like its network of partner universities, geographical reach within India, success rates for visa applications, and the quality of its counseling services.

MOAT

Potential competitive advantages for WOSAL would likely stem from:

Brand Reputation: A long-standing positive reputation for successful student placements and ethical practices can build trust and attract new students.

Network Effects: Extensive partnerships with a wide range of reputable international universities and institutions can offer students more choices and better program matches.

Expertise & Experience: Deep knowledge of admission processes, visa regulations, and country-specific requirements can be a significant differentiator.

Scale: Larger operations might allow for better resource allocation, broader marketing reach, and potentially better negotiation terms with foreign institutions.

However, for smaller or regional players, these moats can be difficult to establish or maintain against larger, more established national or international competitors.

Growth Drivers

Rising Aspirations for Overseas Education: A growing middle class in India and increasing awareness of global career opportunities fuel demand.

Demographic Dividend: India's large youth population provides a consistent pool of potential students seeking higher education.

Limited Domestic Capacity/Quality: Perceived gaps in the quality or capacity of domestic higher education institutions push students towards international options.

Favorable Immigration Policies: Welcoming policies or post-study work opportunities in popular destination countries can attract more students.

Increasing Disposable Income: Economic growth in India allows more families to afford international education.

Risks

Regulatory Changes: Changes in visa policies, immigration laws, or education regulations in host countries can significantly impact student mobility and demand.

Intense Competition: The fragmented nature of the industry leads to price wars and pressure on service fees, potentially impacting profitability.

Reputational Risk: Negative publicity from failed visa applications, unethical practices, or poor student experiences can severely damage trust and future business.

Economic Downturns: Global or domestic economic slowdowns can reduce disposable income, making overseas education less affordable.

Geopolitical Events & Health Crises: Events like pandemics (e.g., COVID-19), international conflicts, or travel restrictions can disrupt international education plans.

Foreign Exchange Fluctuations: A weakening Indian Rupee can make international education more expensive, affecting student decisions.

Management & Ownership

As a company named "Western Overseas Study Abroad Ltd.", it is likely promoter-led. Promoters typically initiate and continue to own a significant stake, guiding the company's strategic direction and day-to-day operations. The quality of management would depend on their experience in the education sector, understanding of international education systems, regulatory compliance, and ability to navigate a competitive environment. Without specific names or profiles, a detailed assessment of management quality is not possible, but it is generally assumed to be experienced in the field to have sustained operations.

Outlook

Western Overseas Study Abroad Ltd. operates in a sector with significant long-term tailwinds due to India's burgeoning youth population and increasing global aspirations. The ongoing demand for international education, driven by quality concerns in domestic institutions and opportunities abroad, presents a substantial market for growth. However, the company faces inherent challenges including fierce competition, potential adverse changes in international visa and immigration policies, and the critical importance of maintaining a strong, trustworthy brand reputation. Its ability to expand its network of partner universities, adapt to evolving student needs, and efficiently manage regulatory complexities will be key determinants of its future success in a dynamic global education landscape.

Western Overseas Share Price

Live · BSE · Inception: 2013
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Western Overseas Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Western Overseas Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 9 10 20 23 20
Other Income 0 0 0 0 0
Total Income 9 10 20 23 20
Total Expenditure 8 9 18 19 16
Operating Profit 1 1 2 4 5
Interest 0 0 0 0 0
Depreciation 0 0 1 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 1 1 2 3 4
Provision for Tax 0 0 0 1 1
Profit After Tax 1 0 1 2 3
Adjustments 0 0 0 0 0
Profit After Adjustments 1 0 1 2 3
Adjusted Earnings Per Share 2 1.1 2.8 5.2 4.5

Western Overseas Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 3 3 4 7 19
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 4 0
Other Non-Current Liabilities -0 -0 -0 -0 -0
Total Current Liabilities 1 1 6 2 4
Total Liabilities 4 5 10 13 22
Fixed Assets 1 1 2 2 3
Other Non-Current Assets 1 2 4 4 4
Total Current Assets 2 1 5 6 16
Total Assets 4 5 10 13 22

Western Overseas Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 1 1 0 0
Cash Flow from Operating Activities 1 1 -2 -4 -2
Cash Flow from Investing Activities -1 -1 -1 -0 -1
Cash Flow from Financing Activities -0 0 3 5 7
Net Cash Inflow / Outflow -0 0 -0 -0 5
Closing Cash & Cash Equivalent 1 1 0 0 5

Western Overseas Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.98 1.07 2.82 5.25 4.54
CEPS(Rs) 2.71 2.16 4.03 6.36 5.24
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 6.73 7.8 10.62 15.49 30.83
Core EBITDA Margin(%) 15.94 11.08 11.51 16.47 22.15
EBIT Margin(%) 13.07 7.09 9.33 15.4 20.41
Pre Tax Margin(%) 12.57 5.94 8.06 13.6 18.38
PAT Margin (%) 9.23 4.43 5.86 9.73 13.45
Cash Profit Margin (%) 12.64 8.96 8.36 11.78 15.54
ROA(%) 20.28 10.19 16.25 19.6 15.64
ROE(%) 29.39 14.69 30.68 40.19 21.77
ROCE(%) 38.55 21.11 32.83 38.53 26.68
Receivable days 4.04 4.35 10.26 8.87 35.79
Inventory Days 0 0 0 1.62 2.17
Payable days 0 0 0 -1030.96 -3238.23
PER(x) 0 0 0 0 3.48
Price/Book(x) 0 0 0 0 0.51
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) -0.04 -0.02 0.14 0.35 0.33
EV/Core EBITDA(x) -0.23 -0.16 1.21 1.98 1.44
Net Sales Growth(%) 0 12.41 100.01 11.93 -10.78
EBIT Growth(%) 0 -39.03 163.22 84.77 18.24
PAT Growth(%) 0 -46.08 164.84 85.73 23.4
EPS Growth(%) 0 -46.08 164.84 85.73 -13.51
Debt/Equity(x) 0.08 0.14 0.74 0.59 0.11
Current Ratio(x) 1.34 0.99 0.84 2.66 4.07
Quick Ratio(x) 1.34 0.99 0.84 2.62 4.03
Interest Cover(x) 26.23 6.18 7.34 8.55 10.03
Total Debt/Mcap(x) 0 0 0 0 0.22

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -13% +26% — —
Operating Profit CAGR +25% +71% — —
PAT CAGR +50% — — —
Share Price CAGR — — — —
ROE Average +22% +31% +27% +27%
ROCE Average +27% +33% +32% +32%

Western Overseas Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 70.09 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 29.91 %
# Sep 2025 Mar 2026 Sep 2026
Promoter 70.0970.0970.09
FII 000
DII 000
Public 29.9129.9129.91
Others 000
Total 100100100

Western Overseas Peer Comparison

Educational Institutions Edit Columns

Western Overseas Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Western Overseas Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31%
  • Debtor days have improved from -1030.96 to -3238.23days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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