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ZCARZoomcar Holdings, Inc.
$0.14$2M
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  4. Financial Ratios

Zoomcar Holdings, Inc. (ZCAR) Financial Ratios

Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE N/A. (2020–2024 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

ZCAR Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
Market Cap$2M$2M$40M$342M$321M—
Enterprise Value$15M$15M$63M$380M$316M—
P/E Ratio →-0.00—————
P/S Ratio0.190.274.0838.7525.09—
P/B Ratio——————
P/FCF——————
P/OCF——————

P/E links to full P/E history page with 30-year chart

ZCAR EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
EV / Revenue—1.686.3843.0824.67—
EV / EBITDA——————
EV / EBIT——————
EV / FCF——————

ZCAR Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
Gross Margin41.8%41.8%-4.4%-134.3%-97.6%-93.8%
Operating Margin-114.2%-114.2%-320.0%-413.0%-285.8%-208.6%
Net Profit Margin-281.4%-281.4%-346.3%-702.8%-242.6%-270.5%

Return on Capital

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
ROE——————
ROA-352.7%-352.7%-267.5%-211.6%-66.3%-53.7%
ROIC——————
ROCE———-294.9%-289.0%-877.3%

ZCAR Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
Debt / Equity——————
Debt / EBITDA——————
Net Debt / Equity——————
Net Debt / EBITDA——————
Debt / FCF——————
Interest Coverage-4.45-4.45-28.79-37.14-9.65-1.87

ZCAR Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
Current Ratio0.100.100.160.761.840.74
Quick Ratio0.100.100.160.761.840.74
Cash Ratio0.040.040.060.261.390.59
Asset Turnover—1.701.080.540.300.20
Inventory Turnover——————
Days Sales Outstanding—23.8337.37208.955.82158.82

ZCAR Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
Dividend Yield——————
Payout Ratio——————

Total Shareholder Return Metrics

MetricTTMFY 2024FY 2023FY 2022FY 2021FY 2020
Earnings Yield——————
FCF Yield——————
Buyback Yield0.0%0.0%0.0%0.0%0.0%—
Total Shareholder Yield0.0%0.0%0.0%0.0%0.0%—
Shares Outstanding—$494276$32924$16055$16055$21437

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Imminent liquidity exhaustion risk

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2025Q3)

Margin Volatility Masks Operational Weakness

As reported in recent financial filings, ZCAR's gross margin has exhibited extreme volatility, swinging from 13.3% in 2023Q4 to 138.4% in 2025Q2, which suggests that the company's core unit economics remain highly unstable and lack the predictability required for a sustainable, scalable marketplace business model.

The erratic nature of these margins indicates that the company may be heavily reliant on non-recurring incentives or accounting adjustments rather than organic transaction profitability. Investors should monitor whether the company can achieve consistent positive operating margins, as the current -114.22% TTM operating margin suggests that fixed costs remain far too high relative to the current revenue base.

Working Capital Cycles Remain Unpredictable

Based on the provided financial data, ZCAR's asset turnover has remained consistently low, peaking at 0.80 in 2025Q3, which highlights the company's struggle to generate meaningful revenue from its existing asset base compared to more efficient peers in the broader rental and leasing services industry.

The extreme fluctuations in Days Payable Outstanding, which reached 1219 days in 2025Q3, suggest that the company may be managing its cash position by aggressively delaying payments to suppliers or hosts. This practice may indicate significant underlying liquidity stress and could potentially jeopardize the supply-side relationships essential for a peer-to-peer marketplace.

Liquidity Constraints Threaten Ongoing Operations

According to the latest quarterly reports, ZCAR's current ratio has plummeted to 0.03 as of 2025Q3, a figure that underscores a severe lack of liquid assets relative to short-term liabilities and raises significant concerns regarding the company's ability to meet its immediate financial obligations.

This liquidity position appears to be at a critical juncture, as the company lacks the necessary buffer to absorb even minor operational disruptions or unexpected cash outflows. The reliance on external financing to cover ongoing losses is evident, and the current ratio suggests that the firm is operating with virtually no margin for error.

Misapplication of Asset-Light Valuation Metrics

As evidenced by the company's financial profile, the P/S ratio of 0.23 is frequently misapplied to ZCAR, as it obscures the massive operational overhead and capital intensity required to manage a decentralized, multi-national peer-to-peer fleet in emerging markets where trust and logistics are significant barriers.

Investors often mistake ZCAR for a pure software platform, but the reality of managing vehicle recovery, insurance, and host quality control makes the business model far more operationally heavy than a standard marketplace. A more appropriate analytical focus would be on the 'Take Rate' and 'Active Host Count' to determine if the platform can achieve the scale necessary to amortize its substantial fixed costs.

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Includes 30+ ratios · 5 years · Updated daily

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ZCAR — Frequently Asked Questions

Quick answers to the most common questions about buying ZCAR stock.

What is Zoomcar Holdings, Inc.'s P/E ratio?

Zoomcar Holdings, Inc.'s current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.

Is ZCAR stock overvalued?

Based on historical data, Zoomcar Holdings, Inc. is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Zoomcar Holdings, Inc.'s profit margins?

Zoomcar Holdings, Inc. has 41.8% gross margin and -114.2% operating margin.