---
title: "Western Overseas Study Abroad Ltd (544636) — Share Price, Financials & Analysis"
symbol: "544636"
company: "Western Overseas Study Abroad Ltd"
canonical: "https://tapetide.com/stocks/544636"
isin: "INE1MF401019"
nse_symbol: "WESTERNOVERSEASSTUDYABROADLTD"
bse_code: "544636"
sector: "Leisure Services"
industry: "Tour & Travel"
market_cap_cr: 13.4
generated_at: "2026-09-13T19:57:26.246Z"
---

# Western Overseas Study Abroad Ltd (544636)

Canonical page: https://tapetide.com/stocks/544636

## Company

- **NSE Symbol:** WESTERNOVERSEASSTUDYABROADLTD
- **BSE Code:** 544636
- **ISIN:** INE1MF401019
- **Sector:** Leisure Services
- **Industry:** Tour & Travel
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-11
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** western-overseas.com

## About

Incorporated in 2013, Western Overseas Study Abroad Limited is engaged in providing educational and immigration advisory services, and offering visa advice.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:33:35.848537Z.

- **Market Cap:** ₹13.4 Cr
- **Classification:** SME
- **P/E (reported):** 4.9
- **Book Value:** ₹30.83
- **Price to Book:** 0.73
- **Dividend Yield:** 0%
- **ROE:** 14.72%
- **ROCE:** 22.33%
- **Debt to Equity:** 0.11
- **Revenue (yearly):** ₹20.3 Cr
- **Net Income:** ₹2.7 Cr
- **EBITDA:** ₹4.6 Cr
- **52-Week High:** ₹54.9
- **52-Week Low:** ₹13.8
- **RSI (14):** 25.53

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.65 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 29.8 to 69.6 days.
- Working capital days have increased from 53.1 days to 122 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 62.05% | 17.87% | -332.88% |
| ebitda margin growth | 550% | 29.82% | 90.16% | 37.21% |
| net income growth | 150% | 22.73% | 82% | 237.5% |
| revenue growth | 5% | -11.35% | 26% | 17.41% |
| roce | — | -33.7% | -47.24% | 31.7% |
| roe | — | -56.55% | 25.07% | -49.91% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2025 |
| --- | --- |
| Sales | 4.94 |
| Expenses | 4.06 |
| Operating Profit | 0.88 |
| OPM % | 17.81 |
| Other Income | 0.03 |
| Interest | 0.1 |
| Depreciation | 0.08 |
| Profit before tax | 0.73 |
| Tax % | 24.66 |
| Net Profit | 0.54 |
| EPS in Rs | 1.28 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 9.03 | 10.15 | 20.3 | 22.69 | 20.28 |
| Expenses | 7.59 | 9.03 | 17.96 | 18.94 | 15.79 |
| Operating Profit | 1.44 | 1.12 | 2.34 | 3.75 | 4.49 |
| OPM % | 15.95 | 11.03 | 11.53 | 16.53 | 22.14 |
| Other Income | 0.05 | 0.06 | 0.06 | 0.22 | 0.07 |
| Interest | 0.05 | 0.12 | 0.26 | 0.41 | 0.41 |
| Depreciation | 0.31 | 0.46 | 0.51 | 0.47 | 0.42 |
| Profit before tax | 1.13 | 0.6 | 1.63 | 3.09 | 3.73 |
| Tax % | 26.55 | 25 | 27.61 | 28.48 | 26.54 |
| Net Profit | 0.83 | 0.45 | 1.19 | 2.21 | 2.73 |
| EPS in Rs | 830 | 450 | 1190 | 5.24 | 4.54 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 4.21 | 6.01 |
| Reserves | 2.83 | 3.27 | 4.47 | 2.31 | 12.52 |
| Borrowings | 0.23 | 0.47 | 3.31 | 3.86 | 2.1 |
| Other Liabilities | 1.09 | 1.05 | 2.26 | 2.37 | 1.75 |
| Total Liabilities | 4.16 | 4.8 | 10.05 | 12.75 | 22.38 |
| Fixed Assets | 1.07 | 1.45 | 1.68 | 2.03 | 2.58 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0.79 | 0.85 |
| Other Assets | 3.09 | 3.35 | 8.37 | 9.93 | 18.95 |
| Total Assets | 4.16 | 4.8 | 10.05 | 12.75 | 22.38 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.73 | 0.74 | -2.07 | -4.48 | -1.7 |
| Cash from Investing Activity | -0.68 | -0.83 | -0.81 | -0.23 | -0.68 |
| Cash from Financing Activity | -0.1 | 0.18 | 2.62 | 4.51 | 7.15 |
| Net Cash Flow | -0.05 | 0.1 | -0.25 | -0.2 | 4.78 |
| Free Cash Flow | 0.05 | -0.09 | -2.81 | -5.3 | -2.67 |
| CFO/OP | 78 | 88 | -79 | -107 | -18 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 4.04 | 5.03 | 17.98 | 1.77 | 69.65 |
| Cash Conversion Cycle | 4.04 | 5.03 | 17.98 | 1.77 | 69.65 |
| Working Capital Days | -6.47 | -24.81 | -23.01 | 59.84 | 122.39 |
| ROCE % | — | 21.11 | 32.76 | 38.53 | 26.7 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 70.09% | 70.09% |
| FIIs | 0% | 0% |
| DIIs | 0% | 0% |
| Government | 0% | 0% |
| Public | 27.61% | 26.65% |
| Others | 2.3% | 3.26% |
| No. of Shareholders | 405 | 397 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 9 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 19.19 | Buy |
| EMA (10) | 19.91 | Buy |
| SMA (20) | 17.61 | Buy |
| EMA (20) | 18.87 | Buy |
| SMA (50) | 18.43 | Buy |
| EMA (50) | 18.79 | Buy |
| SMA (100) | 19.31 | Buy |
| EMA (100) | 20.27 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.48 | Neutral |
| MACD (12,26,9) | 0.92 | Buy |
| Stochastic (14,3,3) | 68.84 | Neutral |
| ADX (14) | 17.89 | Neutral |
| Williams %R (14) | -57.49 | Neutral |
| ATR (14) | 1.44 | High Volatility |
| ROC (12) | 15.69 | Buy |
| Stoch RSI (14) | 37.56 | Neutral |
| UO (7,14,28) | 55.06 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Monitoring report: Rs10.07 crore IPO proceeds for quarter ended Dec 31, 2025; no deviation in utilization. (MA: Brickwork) | [Statement Of No Deviation Or Variation Under Regulation 32 Of SEBI (LODR) Regulations 2015 For The Quarter Ended 31St December 2025 9 Feb - Monitoring report: Rs10.07 crore IPO proceeds for quarter ended Dec 31, 2025; no deviation in utilization. (MA: Brickwork)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/87981445-e48f-474f-9624-af3352efffe5.pdf) |
| 5 January 2026 - Filed Investor Presentation (Dec 2025) on Jan 5, 2026 outlining products, facilities, EV and fire-safety strategy. | [General Updates 5 January 2026 - Filed Investor Presentation (Dec 2025) on Jan 5, 2026 outlining products, facilities, EV and fire-safety strategy.](https://nsearchives.nseindia.com/corporate/SQT_05012026182033_SQT_Investor_Outcome_PDF_Signed.pdf) |
| 4 May - Managing Director Pardeep Balyan received MY FM’s Excellence Award in Study Visa and Immigration 2026. | [Intimation Regarding Excellence Award In Study Visa And Immigration 2026 4 May - Managing Director Pardeep Balyan received MY FM’s Excellence Award in Study Visa and Immigration 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f47e5c66-be53-4a97-88c5-f39cd6d1dbeb.pdf) |
| 4 May - Managing Director Pardeep Balyan received MY FM’s Excellence Award in Study Visa and Immigration 2026. | [Intimation Regarding Excellence Award In Study Visa And Immigration 2026 4 May - Managing Director Pardeep Balyan received MY FM’s Excellence Award in Study Visa and Immigration 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f47e5c66-be53-4a97-88c5-f39cd6d1dbeb.pdf) |
| 31 Dec 2025 - 31 Dec 2025 reply to BSE: no undisclosed information; price movement unexplained, attributed to market. | [Reply To Clarification Sought On The Price Movement Of The Company 31 Dec 2025 - 31 Dec 2025 reply to BSE: no undisclosed information; price movement unexplained, attributed to market.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3990da28-1d44-4a58-aa23-12d54fdf72c9.pdf) |
| 30 Mar - Western Overseas Study Abroad Ltd: trading window closed from 1 April 2026 until 48 hours after results declaration. | [Closure of Trading Window 30 Mar - Western Overseas Study Abroad Ltd: trading window closed from 1 April 2026 until 48 hours after results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e31b262-0aab-4416-a90a-da6c6f7dc896.pdf) |
| 30 January 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 30 January 2026 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=SHIGAN&tabIndex=sme) |
| 30 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 30 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe9b0b06-fb89-461b-ac65-0f89513f16a1.pdf) |
| 30 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 30 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fe9b0b06-fb89-461b-ac65-0f89513f16a1.pdf) |
| 30 Apr - Company confirms it is not a Large Corporate under SEBI debt framework. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Company confirms it is not a Large Corporate under SEBI debt framework.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db82a5a0-7d5a-46a6-aee7-11a7531712af.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Reply To Clarification Sought On The Price Movement Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4ba5c358-d52e-4fbf-96ad-73baa1928033.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65efcd67-a692-4e5f-892a-2c59e495eb3c.pdf) |
| 2026-09-01 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=324b417d-8ede-458a-a06c-3dbc8d5e4189.pdf) |
| 2026-08-31 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a9551662-c45b-4d58-81f3-237102dec18d.pdf) |
| 2026-08-29 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e089b8fe-c76a-4fb6-bb99-e1eb7943e635.pdf) |
| 2026-08-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f658b163-9c17-429f-94b8-6826aff66546.pdf) |
| 2026-08-10 | [Intimation Regarding Receipt Of HTDS Millennial Award 2026 For "Excellence In Immigration & Visa Consultancy"](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9bcee3e7-af1e-4b97-93c8-c052bc2a18f1.pdf) |
| 2026-08-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=76aeab80-8138-46bf-867b-d2fbfee870a8.pdf) |
| 2026-08-08 | [Notice Of 13Th Annual General Meeting Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f412bbbb-dcd5-4a31-84b7-bcafeb6f99e2.pdf) |
| 2026-08-05 | [Board Meeting Outcome for OUTCOME OF BOARD MEETING AND DISCLOSURE UNDER REGULATION 30 OF THE SEBI (LISTING OBLIGATION & DISCLOSURE REQUIREMENTS) REGULATIONS 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c15cbb01-7a59-437a-9bc0-cf03c1655f71.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4f9be6a-7bc7-4435-9a18-b863da60fd07.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-28 | [Audited Financial Results For The Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=176c1e9d-1a82-4ba5-8d72-e7d322494fe4.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28303_SHIGAN_2024_2025_A_4652417_03092025174750.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24944_SHIGAN_2023_2024_14082024172644.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23909_SHIGAN_2022_2023_25092023165625_09252023170000.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21665_SHIGAN_2021_2022_07092022205040.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/76aeab80-8138-46bf-867b-d2fbfee870a8.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:26.246Z.