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Zoomcar Holdings
(OTC:ZCAR)
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Rating:41Neutral
Price Target:
$0.06
▼(-56.15% Downside)
Action:Reiterated
Date:10/09/26
The score is held down primarily by very weak profitability and an exceptionally stressed balance sheet (deep losses, materially negative equity, meaningful leverage), partially offset by strong revenue growth and recently positive operating/free cash flow. Technicals remain bearish (below key moving averages with negative MACD), while valuation is constrained by negative earnings and no dividend support; corporate actions modestly reduce warrant overhang but increase dilution risk.
Positive Factors
Strong Revenue Expansion
Revenue growth of roughly 166% indicates that Zoomcar is expanding its top line rapidly and gaining transaction activity in its mobility marketplace. If this trajectory persists, greater scale could support improved operating leverage and provide a broader base for future profitability.
Negative Factors
Severe Ongoing Losses
Deeply negative net and EBITDA margins show that rapid revenue growth has not yet translated into an economically sustainable earnings profile. Persistent operating losses can consume financing capacity, limit reinvestment, and make future profitability dependent on substantial cost improvement or continued external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Revenue growth of roughly 166% indicates that Zoomcar is expanding its top line rapidly and gaining transaction activity in its mobility marketplace. If this trajectory persists, greater scale could support improved operating leverage and provide a broader base for future profitability.
Read all positive factors
Zoomcar Holdings (ZCAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.85M
Dividend YieldN/A
Average Volume (3M)28.33K
Price to Earnings (P/E)―
Beta (1Y)3.78
Revenue Growth0.18%
EPS Growth99.05%
CountryUS
Employees148
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-1.06
Shares Outstanding326,454,000
10 Day Avg. Volume28,623
30 Day Avg. Volume28,334
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.02
Price to Sales (P/S)0.09
P/FCF Ratio0.36
Enterprise Value/Market Cap0.67
Enterprise Value/Revenue1.66
Enterprise Value/Gross Profit2.89
Enterprise Value/Ebitda-1.43
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zoomcar Holdings Business Overview & Revenue Model
Company Description
Zoomcar Holdings, Inc. manages a digital marketplace facilitating vehicle sharing across India, Indonesia, and Egypt. This platform connects car owners with individuals seeking temporary vehicle access, offering a wide array of choices at competit...
How the Company Makes Money
Public, high-confidence details on Zoomcar Holdings’ current revenue model and specific revenue streams are not available in the provided prompt, and I do not have sufficient verified information to describe the company’s exact monetization (e.g.,...
Zoomcar Holdings Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Jun 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.19M | 9.16B | 9.11M | 9.90M | 8.83M | 12.80M |
| Gross Profit | 5.27M | 4.73B | 3.81M | -434.36K | -11.85M | -12.49M |
| EBITDA | -10.61M | -6.77B | -20.49M | -32.13M | -59.61M | -24.96M |
| Net Income | -15.79M | -14.62B | -25.62M | -34.28M | -62.03M | -31.05M |
Balance Sheet | ||||||
| Total Assets | 3.18B | 3.20B | 5.36M | 9.17M | 16.46M | 42.17M |
| Cash, Cash Equivalents and Short-Term Investments | 405.44M | 328.59M | 1.08M | 1.79M | 3.85M | 26.78M |
| Total Debt | 4.43B | 5.40B | 13.94M | 24.26M | 41.98M | 21.42M |
| Total Liabilities | 38.91B | 38.51B | 30.71M | 42.86M | 237.38M | 205.73M |
| Stockholders Equity | -35.73B | -35.30B | -25.35M | -33.69M | -246.03M | -188.67M |
Cash Flow | ||||||
| Free Cash Flow | 2.13B | 2.22B | -9.09M | -22.34M | -36.36M | -34.30M |
| Operating Cash Flow | 2.14B | 2.23B | -9.08M | -22.20M | -36.27M | -31.66M |
| Investing Cash Flow | 11.04M | 11.04M | 492.14K | 814.00 | 3.90M | 2.59M |
| Financing Cash Flow | 610.12M | 608.35M | 8.27M | 20.20M | 9.59M | 26.83M |
Zoomcar Holdings Technical Analysis
Negative
0.13
Price Trends
0.10
Negative
0.13
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
31.57
Neutral
19.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZCAR, the sentiment is Negative. The current price of 0.13 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and above the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 31.57 is Neutral, neither overbought nor oversold. The STOCH value of 19.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZCAR.
Zoomcar Holdings Risk Analysis
Zoomcar Holdings disclosed 69 risk factors in its most recent earnings report. Zoomcar Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The founder/former CEO has initiated a civil complaint against the Company contesting the reasons for his termination and has raised certain other claims with regards to his shareholding and compensation for termination of his employment. Q3, 2024
Zoomcar Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $8.91B | 19.09 | 16.70% | 1.59% | 1.12% | 3.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $3.06B | -45.54 | -7.45% | 1.66% | -2.51% | -162.51% | |
50 Neutral | $10.26B | 304.21 | 0.60% | 0.25% | 3.02% | -89.75% | |
48 Neutral | $3.89B | -6.10 | 20.63% | 5.19% | 0.45% | 71.43% | |
47 Neutral | $737.85M | -2.20 | 50.96% | ― | 3.39% | 89.28% | |
41 Neutral | $22.85M | -0.06 | 0.06% | ― | 0.18% | 99.05% |
* Industrials Sector Average
ZCAR
Zoomcar Holdings
0.06
-0.21
-77.78%
UHAL
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6.41%
CAR
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WSC
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16.85
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HTZ
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1.96
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-65.00%
Zoomcar Holdings Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Zoomcar Extends Timeline for Ongoing Securities Offering
Neutral
Oct 8, 2026
On October 8, 2026, Zoomcar Holdings, with the consent of its placement agent, extended the scheduled termination date of its ongoing securities offering from October 9, 2026 to November 16, 2026. The company also retained the option to further ex...
Business Operations and StrategyPrivate Placements and Financing
Zoomcar Extends Private Placement to Bolster Capital Funding
Neutral
Sep 18, 2026
On September 11, 2026, Zoomcar Holdings entered its sixth closing of a previously announced private placement of Series A units, issuing 156 units composed of Series A Convertible Preferred Stock and accompanying warrants, for gross proceeds of ab...
Business Operations and StrategyRegulatory Filings and Compliance
Zoomcar Completes Warrant Exchange, Reshapes Capital Structure
Positive
Aug 31, 2026
Zoomcar announced the completion of a warrant exchange offer launched on January 23, 2026, aimed at holders of several classes of privately issued warrants. As of the offer’s expiry on August 14, 2026, approximately 6.03 million warrants, or...
Business Operations and StrategyPrivate Placements and FinancingShareholder MeetingsStock Split
Zoomcar expands share authorization and extends financing window
Positive
Aug 14, 2026
On July 27, 2026, Zoomcar Holdings Inc. completed a fourth closing in its private placement of Series A units, issuing 498 preferred shares and associated warrants in exchange for about $498,000 of existing obligations, with no new cash raised. Th...
Business Operations and StrategyPrivate Placements and Financing
Zoomcar Extends Warrant Exchange Offer to August 14
Neutral
Jul 23, 2026
On July 23, 2026, Zoomcar Holdings announced it has extended the expiration of its previously launched offer to exchange certain outstanding warrants for common stock, originally commenced on January 23, 2026. The offer, once set to end on July 24...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.