Zoomcar Holdings (ZCAR)
OTHER OTC:ZCAR
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Zoomcar Holdings
(OTC:ZCAR)
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Rating:41Neutral
Price Target:
$0.07
▼(-7.50% Downside)
Action:UpgradedDate:02/18/26
The score is held down primarily by very weak financial strength (deeply negative equity, sizable leverage vs assets, and negative/weak cash flow), which outweighs the TTM revenue rebound and improved gross/EBIT margins. Technicals add pressure due to a pronounced downtrend and negative MACD, while valuation inputs are not usable (P/E shown as 0 and no dividend yield), limiting support from that component.
Positive Factors
Revenue & Margin Improvement
A sharp TTM revenue rebound with healthy gross and EBIT margins indicates improving unit economics and demand recovery for the core rental marketplace. If sustained, these margins provide a pathway to durable operating profitability as scale lowers per-transaction costs and fixed overhead is absorbed.
Negative Factors
Very Weak Balance Sheet
Deep negative equity and debt materially exceeding the asset base indicate accumulated losses and high leverage, constraining financial flexibility. This structural weakness raises refinancing and covenant risks, increases probability of dilution or distressed financing, and limits capacity to invest for growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Improvement
A sharp TTM revenue rebound with healthy gross and EBIT margins indicates improving unit economics and demand recovery for the core rental marketplace. If sustained, these margins provide a pathway to durable operating profitability as scale lowers per-transaction costs and fixed overhead is absorbed.
Read all positive factors
Zoomcar Holdings (ZCAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$555.66K
Dividend YieldN/A
Average Volume (3M)15.48K
Price to Earnings (P/E)―
Beta (1Y)3.78
Revenue Growth1.41%
EPS Growth-100.89%
CountryUS
Employees191
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding7,151,343
10 Day Avg. Volume12,544
30 Day Avg. Volume15,485
Financial Highlights & Ratios
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 Cap8.94K
Enterprise Value/Revenue1.02
Enterprise Value/Gross Profit1.95
Enterprise Value/Ebitda8.60
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 (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 ...
How the Company Makes Money
Zoomcar makes money primarily by facilitating self-drive car rentals on its marketplace and earning platform-level economics from those transactions. Key revenue streams include: (1) commissions and/or service fees charged on bookings made through...
Zoomcar Holdings Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
12
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.87B | 9.11M | 9.90M | 8.83M | 12.80M | 10.23M |
| Gross Profit | 2.55B | 3.81M | -434.36K | -11.85M | -12.49M | -9.60M |
| EBITDA | 577.28M | -20.49M | -32.13M | -59.61M | -24.96M | -10.89M |
| Net Income | 9.33B | -25.62M | -34.28M | -62.03M | -31.05M | -27.67M |
Balance Sheet | ||||||
| Total Assets | 2.77B | 5.36M | 9.17M | 16.46M | 42.17M | 51.50M |
| Cash, Cash Equivalents and Short-Term Investments | 208.18M | 1.08M | 1.79M | 3.85M | 26.78M | 29.06M |
| Total Debt | 5.17B | 13.94M | 24.26M | 41.98M | 21.42M | 52.03M |
| Total Liabilities | 30.20B | 30.71M | 42.86M | 237.38M | 205.73M | 193.62M |
| Stockholders Equity | -27.43B | -25.35M | -33.69M | -246.03M | -188.67M | -167.24M |
Cash Flow | ||||||
| Free Cash Flow | -4.66M | -9.09M | -22.34M | -36.36M | -34.30M | -12.93M |
| Operating Cash Flow | -4.66M | -9.08M | -22.20M | -36.27M | -31.66M | -12.87M |
| Investing Cash Flow | -1.04M | 492.14K | 814.00 | 3.90M | 2.59M | 6.44M |
| Financing Cash Flow | -824.72M | 8.27M | 20.20M | 9.59M | 26.83M | 34.62M |
Zoomcar Holdings Technical Analysis
Positive
0.08
Price Trends
0.07
Positive
0.11
Negative
0.29
Negative
Market Momentum
>-0.01
Negative
55.59
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZCAR, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and below the 200-day MA of 0.29, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.59 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $7.79B | 16.03 | 16.36% | 1.75% | 1.68% | 9.91% | |
59 Neutral | $8.46B | -53.96 | 1.22% | ― | 4.32% | -55.65% | |
51 Neutral | $3.09B | -64.81 | -5.35% | 1.44% | -3.64% | 867.62% | |
50 Neutral | $5.23B | -5.08 | 32.05% | ― | -1.22% | -639.34% | |
50 Neutral | $1.44B | -2.13 | 193.77% | ― | -7.36% | 62.27% | |
41 Neutral | $555.66K | -0.25 | -67.63% | ― | 1.41% | -100.89% |
* Industrials Sector Average
ZCAR
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0.08
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-98.46%
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Zoomcar Holdings Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Zoomcar Consolidates Warrant Exchange Offers Into Single Process
Neutral
Mar 12, 2026
On March 11, 2026, Zoomcar Holdings, Inc. terminated in its entirety a warrant-for-stock exchange offer it had launched on February 27, 2026, which would have allowed eligible holders of common stock purchase warrants issued under a February 25, 2...
Business Operations and StrategyPrivate Placements and Financing
Zoomcar Launches Voluntary Warrant-for-Stock Exchange Offer
Neutral
Feb 27, 2026
On February 27, 2026, Zoomcar Holdings, Inc. launched a voluntary issuer exchange offer for common stock purchase warrants issued in a private placement completed on February 25, 2026 and outstanding as of February 26, 2026. Eligible warrant holde...
Private Placements and FinancingRegulatory Filings and Compliance
Zoomcar Holdings Completes Private Warrant Financing Round
Neutral
Feb 26, 2026
On February 25, 2026, Zoomcar Holdings closed a previously announced private placement of 939 common stock purchase warrants to verified accredited investors, raising gross proceeds of about $939 with no placement agent or commissions. The warrant...
Business Operations and StrategyPrivate Placements and Financing
Zoomcar Announces Private Placement of Common Stock Warrants
Neutral
Feb 19, 2026
On February 19, 2026, Zoomcar Holdings, Inc. launched a private placement to offer common stock purchase warrants to verified accredited investors under an exemption from U.S. securities registration requirements. Each warrant is exercisable for o...
Business Operations and StrategyPrivate Placements and Financing
Zoomcar Launches Warrant Exchange Offer and Bridge Financing
Neutral
Jan 23, 2026
On January 23, 2026, Zoomcar Holdings, Inc. launched an offer to exchange several classes of its outstanding common stock purchase warrants and pre-funded warrants for shares of its common stock at set exchange ratios, including 20,000 common shar...
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.