Zoomcar Holdings, Inc.
ZCARdata completeness 100%5 fiscal years on fileData notes: no data for concept 'incomeTaxExpense'
i. The business — what you’d actually own
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Revenue | — | $8.83M1 | $9.9M1 | $9.11M2 | $9.16M2 |
| Net income | −$4.63M3 | −$62M4 | −$34.3M5 | −$25.6M6 | −$14.6M6 |
| Operating cash flow | −$1.47M7 | −$36.3M8 | −$22.2M9 | −$8.53M10 | −$1.36M10 |
| Capital expenditure | — | — | — | $12,01211 | $4,74811 |
| Free cash flow (derived) | — | — | — | −$8.54M10 | −$1.36M10 |
| Total debt | — | $4.46M12 | $7.9M13 | $5.36M14 | $2.51M14 |
| Cash & equivalents | $10,43615 | $3.69M16 | $1.5M17 | $1.08M17 | $328,58617 |
| Diluted shares | — | 482,681 | 8,927 | 490,140 | 11.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$30.83
your share of equity
Profit it earned you last year
−$12.77
Free cash flow it threw off
−$1.19
Debt you’d be carrying
$2.19
10 shares is a claim on −$30.83 of net worth that earned you −$12.77 and generated −$1.19 of cash last year, against $2.19 of debt.
iii. Is this a good business?
Moat signal · return on equity
— avg · 5y
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Management signal · capital allocation
+2272% shares · 5y
Share count is up 2272% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 44% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K/A · period ending 2023-03-31 · accession 0001213900-24-061273 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K/A · period ending 2025-03-31 · accession 0001213900-26-078693 (Revenues)
- 10-K · period ending 2022-12-31 · accession 0001410578-23-000535 (NetIncomeLoss)
- 10-K/A · period ending 2023-03-31 · accession 0001213900-24-061273 (NetIncomeLoss)
- 10-K · period ending 2024-03-31 · accession 0001213900-25-059675 (NetIncomeLoss)
- 10-K/A · period ending 2025-03-31 · accession 0001213900-26-078693 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001410578-23-000535 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2023-03-31 · accession 0001213900-24-061273 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-03-31 · accession 0001213900-25-059675 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2025-03-31 · accession 0001213900-26-078693 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2025-03-31 · accession 0001213900-26-078693 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K/A · period ending 2023-03-31 · accession 0001213900-24-061273 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-03-31 · accession 0001213900-25-059675 (LongTermDebtCurrent)
- 10-K/A · period ending 2025-03-31 · accession 0001213900-26-078693 (LongTermDebtCurrent)
- 10-K · period ending 2022-12-31 · accession 0001410578-23-000535 (CashAndCashEquivalentsAtCarryingValue)
- 10-K/A · period ending 2023-03-31 · accession 0001213900-24-061273 (CashAndCashEquivalentsAtCarryingValue)
- 10-K/A · period ending 2024-03-31 · accession 0001213900-26-078693 (CashAndCashEquivalentsAtCarryingValue)