BSE: 544636
Western Overseas Study Abroad
Recruits Indian students for higher education at overseas institutions and offers visa and immigration consultancy covering study, work, PR and tourist visas. Operates as an authorised representative of foreign universities and colleges, with disclosed tie-ups covering Canadore, Centennial and Fanshawe in Canada, UCOL in New Zealand, AD Education Group in Europe, RACUS Group (a consortium of 20 plus Russian state universities), Monarch Education in Dubai and Algebra Bernays University in Croatia. Listed on the BSE SME platform in December 2025 after raising Rs 10.07 crore through an IPO of 17.98 lakh equity shares at Rs 56 each. Reported FY26 revenue of Rs 20.27 crore and profit after tax of Rs 3.09 crore with EPS of Rs 0.52 per share. The cost structure is dominated by people and overheads, with no materials cost, consistent with a services-led model. Recruitment is concentrated across Chandigarh and selected cities in Punjab and Haryana, with branch offices in Patiala and Delhi also disclosed. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Study abroad and admissions consultancy, Visa and immigration services. Asset-light, services-led overseas education and immigration consultancy
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 20 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 4.50 |
| ROE % · ROCE % | — · 22.3 |
| Debt / equity (x) | — |
| Cash from operations | (2) |
| Capex | (1) |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 20 |
| Profit before tax | 4 |
| Net profit | — |
| EPS (₹) | 4.50 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| INTERNATIONAL TRAVEL HOUSE LTD | 207 | 11.2 | 1.15 | — | 10.3 | 13.7 | — | 16.6 |
| TRADE WINGS LTD. | 159 | 25.3 | — | 22.2 | (26.1) | 14.0 | 47.5 | 5.4 |
| YAAN ENTERPRISES LIMITED | 49 | 60.4 | 9.11 | — | 14.6 | 17.4 | — | 6.3 |
| HELLOJI HOLIDAYS LIMITED | 39 | 91.2 | — | — | — | 9.4 | — | — |
| LGT GLOBAL HOSPITALITY LIMITED | 31 | 33.0 | — | — | — | 15.8 | — | — |
| LANDMARK GLOBAL LEARNING LIMIT | 18 | 0.9 | — | — | — | (8.1) | — | — |
| Travels & rentals Limited | 8 | 1.6 | — | — | — | — | — | — |
| SAILANI TOURS N TRAVELS LIMITE | 3 | 7.8 | — | — | — | 3.9 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.1 | 9.5 | 3 of 10 | 78% |
| ROCE | 20.1 | 14.0 | 1 of 9 | 100% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 17 Oct 2026 · Western Overseas expands outreach with Russia expo and Dubai job fairs | business updates | medium | — | — |
| 9 Oct 2026 · RTA certificate filed under SEBI Reg 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 23 Sept 2026 · Trading Window Closure for Half-Yearly Results | compliance | minimal | — | — |
| 21 Sept 2026 · Branch office in Jalandhar relocated to new premises | business updates | low | — | — |
| 19 Sept 2026 · Agreement with UDIT Madrid for student recruitment representation | strategic transactions | medium | — | — |
| 12 Sept 2026 · Education fairs and Dubai hiring drives planned for September 2026 | business updates | medium | — | — |
| 8 Sept 2026 · Company clarifies no undisclosed info behind share price movement | compliance | minimal | — | — |
| 7 Sept 2026 · BSE seeks clarification on Western Overseas price movement | regulatory legal | medium | — | — |
| 3 Sept 2026 · Outcome of investor meeting held on 03 Sept 2026 | investor communications | low | — | — |
| 1 Sept 2026 · 13th AGM Results: All 6 Resolutions Passed, Name Change Approved | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.