Zoomcar Holdings (ZCAR) AI Stock Analysis

• Market Cap: $12.19M
• Dividend Yield: N/A
• Average Volume (3M): 2.20M
• Price to Earnings (P/E): <0.1
• Beta (1Y): 3.43
• Revenue Growth: 276.53%
• EPS Growth: -105.36%
• Country: US
• Employees: 191
• Sector: Financial
• Sector Strength: 86
• Industry: Rental & Leasing Services
• EPS (TTM): -471.72
• Shares Outstanding: 7,319,029
• 10 Day Avg. Volume: 21,231
• 30 Day Avg. Volume: 2,199,832
• PEG Ratio: <0.01
• Price to Book (P/B): >-0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: >-0.01
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 0.35
• Enterprise Value/Gross Profit: 4.43
• Enterprise Value/Ebitda: 0.74
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 26 Underperform
• Price Target: ―

The overall score reflects significant financial distress and technical weakness. Zoomcar Holdings is grappling with negative margins, high leverage, and insufficient cash flows, indicating severe financial instability. Technical analysis confirms bearish momentum, and the negative P/E ratio underscores valuation challenges. Without positive earnings or dividends, the stock remains unattractive to investors.

Zoomcar Holdings Business Overview & Revenue Model

Company Description

Zoomcar Holdings, Inc. operates a marketplace for car sharing in India, Indonesia, and Egypt. It connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. The company was founded in 2013 and is based in Bronxville, New York.

How the Company Makes Money

Zoomcar Holdings generates revenue primarily through its self-drive car rental services. Customers can rent vehicles on a short-term basis, typically ranging from a few hours to several days, and are charged based on the duration of the rental and the type of vehicle chosen. The company also offers subscription-based models which allow customers to use vehicles on a longer-term basis, providing a steady stream of income. Additionally, Zoomcar earns through value-added services such as insurance, GPS navigation systems, and other in-car amenities. Partnerships with automobile manufacturers and service providers help optimize fleet management and reduce operational costs, further contributing to the company's profitability.

Zoomcar Holdings Financial Statement Overview

Summary

Zoomcar Holdings is facing severe financial distress, characterized by unprofitable operations, high leverage, and negative cash flows. The persistent negative margins and equity, coupled with a reliance on debt financing, present a precarious financial position with significant risks and challenges in achieving sustainable growth and profitability.

Income Statement

Zoomcar Holdings shows significant financial distress with negative margins across the board. The TTM data reveals a negative gross profit margin and substantial negative EBIT and EBITDA margins, indicating operational inefficiency. Net profit margin is deeply negative, and revenue growth is erratic without a clear positive trajectory, reflecting severe challenges in achieving profitability.

Balance Sheet

The balance sheet highlights critical financial instability with negative stockholders' equity and a high debt-to-equity ratio, indicating substantial leverage and financial risk. The equity ratio is negative, underscoring the fact that liabilities far exceed assets. The company is highly leveraged, with total debt significantly outweighing equity, posing a considerable risk for stakeholders.

Cash Flow

Operating and free cash flows are notably negative, highlighting ongoing cash flow challenges. The free cash flow growth rate is negative, and the company struggles to generate cash relative to net income. Although there is some cash from financing activities, the reliance on external financing is concerning given the lack of operational cash generation.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
9.12M	9.90M	8.83M	12.80M	10.23M
	Gross Profit
2.96M	-434.36K	-11.85M	-12.49M	-9.60M
	EBIT
-9.27M	-27.79M	-36.46M	-36.58M	-21.34M
	EBITDA
-14.36M	-32.10M	-36.55M	-32.90M	-14.95M
	Net Income Common Stockholders
-3.37B	-34.28M	-62.03M	-31.05M	-27.67M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.79M	1.79M	3.85M	26.78M	29.06M
	Total Assets
9.17M	9.17M	16.46M	42.17M	51.50M
	Total Debt
24.26M	24.26M	41.98M	21.42M	52.03M
	Net Debt
22.76M	22.76M	38.30M	-5.37M	22.96M
	Total Liabilities
42.86M	42.86M	237.38M	205.73M	193.62M
	Stockholders Equity
-33.69M	-33.69M	-246.03M	-188.67M	-167.24M
Cash Flow		Free Cash Flow
-2.51B	-22.34M	-36.36M	-34.30M	-12.93M
	Operating Cash Flow
-2.51B	-22.20M	-36.27M	-31.66M	-12.87M
	Investing Cash Flow
385.28M	814.00	3.90M	2.59M	6.44M
	Financing Cash Flow
1.28B	20.20M	9.59M	26.83M	34.62M

Zoomcar Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.29 is below the 20-day moving average (MA) of 3.21, below the 50-day MA of 4.00, and below the 200-day MA of 97.31, indicating a bearish trend. The MACD of -0.87 indicates Positive momentum. The RSI at 34.00 is Neutral, neither overbought nor oversold. The STOCH value of 3.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZCAR.

Zoomcar Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
R	72 Outperform	$6.05B	12.80	16.41%	2.21%	6.21%	47.05%
HRI	66 Neutral	$3.30B	25.81	9.60%	2.36%	8.34%	-63.02%
Sector *	64 Neutral	$12.79B	9.71	7.54%	16971.00%	12.07%	-7.53%
CAR	57 Neutral	$4.21B	8.26	78.26%	―	-2.78%	-296.07%
HEES	56 Neutral	$3.47B	38.00	15.74%	1.16%	-3.52%	-46.60%
HTZ	47 Neutral	$1.98B	―	-244.63%	―	-6.61%	-1516.07%
ZCAR	26 Underperform	$12.19M	<0.01	8.77%	―	276.53%	-105.36%

Zoomcar Holdings Corporate Events

Zoomcar Holdings Restructures Board Committees Post-Resignation

On April 16, 2025, Madan Menon resigned from the board of directors and various committees of Zoomcar Holdings, Inc., with his departure not due to any disagreements with the company’s operations or policies. Subsequently, on April 21, 2025, the board restructured its committees, appointing new members to the Audit, Compensation, and Nominating and Corporate Governance Committees, ensuring continuity in governance.

Spark’s Take on ZCAR Stock

According to Spark, TipRanks’ AI Analyst, ZCAR is a Underperform.

Zoomcar Holdings is in a precarious position with severe financial distress, a strong bearish trend in technical analysis, and negative valuation metrics. The risk of Nasdaq delisting and leadership changes add to the uncertainty. These significant risks are reflected in the low overall stock score.

To see Spark’s full report on ZCAR stock, click here.

Zoomcar Holdings Appoints Uri Levine as Chairman

Zoomcar Holdings has appointed Uri Levine as a Class III Director and Chairman of the Board effective March 31, 2025, following the resignation of Mark Bailey. Levine, a seasoned entrepreneur known for co-founding Waze and serving on various corporate boards, will receive a monthly service fee and a cash bonus, with additional compensation contingent on stockholder approval and performance targets.

Zoomcar Holdings Announces Reverse Stock Split

Zoomcar Holdings, Inc., a Nasdaq-listed company, announced a 1-for-20 reverse stock split of its common stock, effective March 21, 2025. This move, approved by stockholders and the board, aims to increase the per share trading price, attract institutional investors, and maintain Nasdaq listing compliance.

Zoomcar Holdings Raises $1.44M in Second Closing

Zoomcar Holdings, Inc. completed the first closing of its private placement offering on December 25, 2024, securing $5.48 million in gross proceeds. The second closing, held on February 4, 2025, raised approximately $1.44 million, with net proceeds of around $1.25 million after expenses. As part of the offering, the company issued common stock, pre-funded warrants, and series A and B warrants. In connection with the offering, Aegis Capital Corp. acted as the placement agent, receiving fees and warrants for their services. Additionally, a settlement agreement was reached with Randall Yanker, resulting in the issuance of shares and warrants.