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Stock

Ukrproduct Group Limited

UKR.L
34
Packaged Foods · Consumer Defensive
Price
8.63 GBp
+0.63 (+7.81%)
Market Cap
3.4M GBp
Exchange
London Stock Exchange
Winston Score
34
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Sep 22, 2026 · filings through Dec 31, 2025

§How the score breaks down

Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

§Winston Score History

The full picture

Ukrproduct Group Limited, along with its associated companies, manufactures and distributes a variety of dairy goods and beverages, serving both the Ukrainian domestic market and international customers. The company manages its business through five distinct divisions: Branded Products, encompassing items such as processed and hard cheeses, packaged butter, and spreads; Beverages, which includes kvass and other drinks; Non-Branded Products, focused on skimmed milk powder (SMP) and related milk derivatives; Distribution Services and Other, handling the resale of third-party merchandise and various processing operations; and Supplementary Products, dealing with grain crops. Ukrproduct supplies its branded dairy offerings to retailers and wholesalers across Ukraine, while also exporting semi-finished milk products, such as SMP, to nations including Denmark, the Netherlands, Bulgaria, Japan, and Turkey. Additionally, it extends logistics and distribution support to external organizations within Ukraine. The company's products are marketed under the trademarks Nash Molochnik, Narodniy Product, Molendam, and Vershkova Dolina. Established in 2004, Ukrproduct Group Limited maintains its primary office in Kiev, Ukraine.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+7.4% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+100.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Cash Runway

~3 months

£123,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Ukrproduct Group Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 39.7M (2021) → 39.7M (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
14.8%
Thin — 14.8% gross margin
Profit after running costs
Operating Margin
3.9%
Thin — 3.9% operating margin
Return on the money invested
ROCE
29.6%
Exceptional — 29.6% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+13.8%
Fast-growing sales (+13.8% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-0.2%
Burning cash (-0.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
3.41
Heavy debt load (3.41)
Covers its interest
Interest Cover
2.39x
Tight — interest eats into profit (2.4x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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