Zoomcar Holdings (ZCAR) AI Stock Analysis

• Market Cap: $483.54K
• Dividend Yield: N/A
• Average Volume (3M): 15.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 4.03
• Revenue Growth: 1.41%
• EPS Growth: -100.89%
• Country: US
• Employees: 191
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): -0.07
• Shares Outstanding: 6,902,727
• 10 Day Avg. Volume: 12,544
• 30 Day Avg. Volume: 15,485
• PEG Ratio: <0.01
• Price to Book (P/B): -0.10
• Price to Sales (P/S): 0.27
• P/FCF Ratio: -0.27
• Enterprise Value/Market Cap: 52.11
• Enterprise Value/Revenue: 0.01
• Enterprise Value/Gross Profit: 0.02
• Enterprise Value/Ebitda: 0.04
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 37 Underperform
• Price Target: $0.06 ▼(-21.25% Downside)

Zoomcar Holdings receives a low overall stock score due to significant financial instability, bearish technical indicators, and poor valuation metrics. The company's high leverage, negative equity, and lack of profitability are major concerns. Technical analysis further indicates a strong downward trend, and the absence of earnings and dividends suggests overvaluation.

Positive Factors

Revenue Growth

Positive revenue growth indicates a recovering demand for Zoomcar's services, suggesting potential for market expansion and increased market share.

Gross Profit Margin

A strong gross profit margin reflects efficient cost management and pricing power, which can support long-term profitability and competitive advantage.

Cash Flow Improvement

Improvement in free cash flow indicates better cash management and operational efficiency, enhancing financial stability and investment capacity.

Negative Factors

High Leverage

High leverage and negative equity suggest financial instability, which can limit strategic flexibility and increase risk of insolvency.

Negative Equity

Negative equity and high debt levels can strain financial resources, impacting the company's ability to invest in growth and weather economic downturns.

Financial Obligations

The new financial arrangement increases interest obligations, potentially straining cash flow and impacting shareholder equity if conversion rights are exercised.

Zoomcar Holdings Business Overview & Revenue Model

Company Description

Zoomcar Holdings (ZCAR) is a leading car rental and mobility solutions provider based in India, specializing in self-drive car rentals, fleet management, and subscription-based vehicle services. The company operates in the growing shared mobility sector, catering to urban consumers seeking flexible transportation options. With a diverse fleet of vehicles ranging from economy cars to luxury models, Zoomcar enables users to book vehicles for short and long durations through its user-friendly mobile app and website.

How the Company Makes Money

Zoomcar primarily generates revenue through its car rental services, where customers pay for the duration of their vehicle usage. Key revenue streams include hourly, daily, and monthly rental fees. The company also offers subscription services, allowing customers to access vehicles on a long-term basis for a fixed monthly fee, which provides a steady income stream. Additionally, Zoomcar earns revenue from partnerships with various businesses for corporate rentals and collaborations with automotive manufacturers for fleet acquisitions. The company's innovative pricing strategies and promotions further enhance customer acquisition and retention, contributing to its overall earnings.

Zoomcar Holdings Financial Statement Overview

Summary

Zoomcar Holdings faces significant financial challenges. Despite revenue growth, the company struggles with severe profitability issues, negative equity, and poor cash flow generation, indicating high financial instability.

Income Statement

Zoomcar Holdings shows a significant revenue growth in the TTM period, but this is overshadowed by substantial negative profit margins. The company has a negative net profit margin of -326.65% and a negative EBIT margin, indicating severe profitability issues. The revenue growth is not translating into profitability, which is a major concern.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, leading to a negative debt-to-equity ratio. This indicates financial instability and high leverage risk. The return on equity is positive due to negative equity, but this is misleading as it reflects losses rather than profitability.

Cash Flow

Cash flow analysis shows a negative free cash flow growth and low operating cash flow to net income ratio, indicating poor cash generation relative to earnings. The free cash flow to net income ratio is near 1, suggesting that the company is not generating sufficient cash flow to cover its net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.51B	9.11M	9.90M	8.83M	12.80M	10.23M
Gross Profit	1.26B	3.81M	-434.36K	-11.85M	-12.49M	-9.60M
EBITDA	570.74M	-20.49M	-32.13M	-59.61M	-24.96M	-10.89M
Net Income	9.32B	-25.62M	-34.28M	-62.03M	-31.05M	-27.67M
Balance Sheet
Total Assets	3.12B	5.36M	9.17M	16.46M	42.17M	51.50M
Cash, Cash Equivalents and Short-Term Investments	169.36M	1.08M	1.79M	3.85M	26.78M	29.06M
Total Debt	5.84B	13.94M	24.26M	41.98M	21.42M	52.03M
Total Liabilities	30.83B	30.71M	42.86M	237.38M	205.73M	193.62M
Stockholders Equity	-27.72M	-25.35M	-33.69M	-246.03M	-188.67M	-167.24M
Cash Flow
Free Cash Flow	81.82M	-9.09M	-22.34M	-36.36M	-34.30M	-12.93M
Operating Cash Flow	82.54M	-9.08M	-22.20M	-36.27M	-31.66M	-12.87M
Investing Cash Flow	-952.98K	492.14K	814.00	3.90M	2.59M	6.44M
Financing Cash Flow	-818.29M	8.27M	20.20M	9.59M	26.83M	34.62M

Zoomcar Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 0.08 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.21, and below the 200-day MA of 1.56, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 27.15 is Positive, neither overbought nor oversold. The STOCH value of 10.26 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	73 Outperform	$7.88B	16.71	16.26%	1.76%	1.68%	9.91%
WSC	69 Neutral	$3.56B	16.09	21.15%	1.43%	-3.64%	867.62%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
UHAL	54 Neutral	$9.44B	50.85	2.58%	―	4.32%	-55.65%
HTZ	50 Neutral	$1.79B	-1.59	-567.03%	―	-7.36%	62.27%
CAR	41 Neutral	$4.66B	-2.26	―	―	-1.22%	-639.34%
ZCAR	37 Underperform	$483.54K	―	―	―	1.41%	-100.89%

Zoomcar Holdings Corporate Events

Zoomcar Holdings Finalizes Securities Purchase Agreement

On December 10, 2025, Zoomcar Holdings, Inc. finalized a Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC, involving a private placement offering of a convertible promissory note valued at $220,000 and pre-funded warrants for 1,000,000 shares of common stock. This financial arrangement, which includes a 12% annual interest rate and a 12-month maturity, allows Zoomcar to prepay the note at a discount and provides FirstFire with conversion rights in case of default, potentially impacting the company’s financial obligations and shareholder equity.

Zoomcar Holdings Transitions to OTCQB Tier

Zoomcar Holdings, Inc. announced that it has transitioned its trading from the OTCQX U.S. tier to the OTCQB tier of OTC Markets Group, effective November 4, 2025. This decision follows a notice from OTC Markets indicating non-compliance with certain eligibility requirements for the OTCQX tier. Despite the transition, the company maintains its reporting obligations under the Securities Exchange Act of 1934, and the public trading of its securities in the United States remains unaffected.