{"id":301838,"date":"2026-10-12T12:19:54","date_gmt":"2026-10-12T06:49:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=301838"},"modified":"2026-10-12T12:19:54","modified_gmt":"2026-10-12T06:49:54","slug":"brokerage-and-advisory-group-stocks-growth-outlook-picks","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/","title":{"rendered":"3 Brokerage and Advisory Group Stocks With a Strong Future Roadmap: Edelweiss Financial Services, IIFL Capital Services and Motilal Oswal Financial Services"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Edelweiss Rs 127.89, P\/E 16.98. IIFL Capital Rs 343.75, P\/E 18.95. Motilal Oswal Rs 1,026.00, P\/E 30.89. Closing prices of 9 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Brokerage and advisory group stocks with the clearest long-term roadmaps today include Edelweiss in asset management, wealth management and insurance, IIFL Capital in broking, wealth and capital market services and Motilal Oswal in broking, wealth, asset management and housing finance. FY26 revenue growth was 14.1% at Edelweiss, 1.4% at IIFL Capital and 11.9% at Motilal Oswal. P\/E stands at 16.98 for Edelweiss (industry 17.72), 18.95 for IIFL Capital (industry 34.91) and 30.89 for Motilal Oswal (industry 34.91). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Brokerage and advisory group stocks give investors exposure to investing, advice and fund management services for retail and wealthy clients. Market activity, client assets and fee income decide how much of that demand turns into profit.<\/p>\n<p>This list covers three brokerage and advisory group stocks: Edelweiss Financial Services for asset management, wealth management and insurance, IIFL Capital Services for broking, wealth and capital market services and Motilal Oswal Financial Services for broking, wealth, asset management and housing finance. Every figure comes from the latest reported financials and the 9 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=brokerage-and-advisory-group-stocks-growth-outlook-picks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#What_Are_Brokerage_and_Advisory_Group_Stocks\" title=\"What Are Brokerage and Advisory Group Stocks?\">What Are Brokerage and Advisory Group Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Brokerage_and_Advisory_Group_Stocks_at_a_Glance\" title=\"Brokerage and Advisory Group Stocks at a Glance\">Brokerage and Advisory Group Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Why_Do_Brokerage_and_Advisory_Group_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Brokerage and Advisory Group Stocks Have a Strong Roadmap in India?\">Why Do Brokerage and Advisory Group Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Edelweiss_Financial_Services_Asset_Management_and_Wealth_Drive_the_Pipeline\" title=\"Edelweiss Financial Services: Asset Management and Wealth Drive the Pipeline\">Edelweiss Financial Services: Asset Management and Wealth Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#IIFL_Capital_Services_Wealth_and_Broking_Reach_Builds_the_Next_Leg\" title=\"IIFL Capital Services: Wealth and Broking Reach Builds the Next Leg\">IIFL Capital Services: Wealth and Broking Reach Builds the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Motilal_Oswal_Financial_Services_Broking_and_Asset_Management_Anchor_the_Roadmap\" title=\"Motilal Oswal Financial Services: Broking and Asset Management Anchor the Roadmap\">Motilal Oswal Financial Services: Broking and Asset Management Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Best_Brokerage_and_Advisory_Group_Stocks_in_India_Edelweiss_vs_IIFL_Capital_vs_Motilal_Oswal_on_Key_Financials\" title=\"Best Brokerage and Advisory Group Stocks in India: Edelweiss vs IIFL Capital vs Motilal Oswal on Key Financials\">Best Brokerage and Advisory Group Stocks in India: Edelweiss vs IIFL Capital vs Motilal Oswal on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#How_to_Evaluate_Brokerage_and_Advisory_Group_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Brokerage and Advisory Group Stocks to Buy Before You Invest\">How to Evaluate Brokerage and Advisory Group Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Risks_to_Consider_Before_Investing_in_Brokerage_and_Advisory_Group_Stocks\" title=\"Risks to Consider Before Investing in Brokerage and Advisory Group Stocks\">Risks to Consider Before Investing in Brokerage and Advisory Group Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#FAQs_on_Brokerage_and_Advisory_Group_Stocks\" title=\"FAQs on Brokerage and Advisory Group Stocks\">FAQs on Brokerage and Advisory Group Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Which_are_the_best_brokerage_and_advisory_group_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best brokerage and advisory group stocks in India with a strong roadmap?\">Which are the best brokerage and advisory group stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Is_Edelweiss_Financial_Services_a_good_stock_to_buy_now\" title=\"Is Edelweiss Financial Services a good stock to buy now?\">Is Edelweiss Financial Services a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#What_is_the_PE_ratio_of_Edelweiss_IIFL_Capital_and_Motilal_Oswal\" title=\"What is the P\/E ratio of Edelweiss, IIFL Capital and Motilal Oswal?\">What is the P\/E ratio of Edelweiss, IIFL Capital and Motilal Oswal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Which_of_these_brokerage_and_advisory_group_stocks_has_the_highest_return_on_equity\" title=\"Which of these brokerage and advisory group stocks has the highest return on equity?\">Which of these brokerage and advisory group stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#What_are_the_risks_of_investing_in_brokerage_and_advisory_group_stocks\" title=\"What are the risks of investing in brokerage and advisory group stocks?\">What are the risks of investing in brokerage and advisory group stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#How_did_Edelweiss_IIFL_Capital_and_Motilal_Oswal_perform_in_Q1_FY27\" title=\"How did Edelweiss, IIFL Capital and Motilal Oswal perform in Q1 FY27?\">How did Edelweiss, IIFL Capital and Motilal Oswal perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#Do_brokerage_and_advisory_group_stocks_pay_dividends\" title=\"Do brokerage and advisory group stocks pay dividends?\">Do brokerage and advisory group stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/brokerage-and-advisory-group-stocks-growth-outlook-picks\/#How_can_I_invest_in_brokerage_and_advisory_group_stocks_in_India\" title=\"How can I invest in brokerage and advisory group stocks in India?\">How can I invest in brokerage and advisory group stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Brokerage_and_Advisory_Group_Stocks\"><\/span><strong>What Are Brokerage and Advisory Group Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brokerage and advisory group stocks are shares of companies that earn fees from broking, wealth advice and fund management. Results depend on market activity, client assets and fee income, so market activity and fee income separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_and_Advisory_Group_Stocks_at_a_Glance\"><\/span><strong>Brokerage and Advisory Group Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three brokerage and advisory group stocks as of the 9 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/edelweiss\/edelweiss-financial-services-ltd-share-price-today\">Edelweiss Financial Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">127.89<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,087<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.98<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.58%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/iiflcaps\/iifl-securities-ltd-1568865430951-share-price-today\">IIFL Capital Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">343.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,845<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.31%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.59<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/motilalofs\/motilal-oswal-financial-services-ltd-share-price-today\">Motilal Oswal Financial Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,026.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">61,262<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.89<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.50%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.65<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among wealth and broking stocks, all three trade at a discount to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Brokerage_and_Advisory_Group_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Brokerage and Advisory Group Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brokerage and advisory group stocks have a strong roadmap in India because more households are moving savings into equities and mutual funds, which lifts broking, wealth and asset management income. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Rising participation:<\/strong> New investors keep joining equity and fund markets.<\/li>\n<li><strong>Fee income:<\/strong> Asset management and wealth fees build a steadier revenue base.<\/li>\n<li><strong>Product breadth:<\/strong> Groups with many services can serve a client for longer.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Edelweiss_Financial_Services_Asset_Management_and_Wealth_Drive_the_Pipeline\"><\/span><strong>Edelweiss Financial Services: Asset Management and Wealth Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Edelweiss&#8217; roadmap rests on alternative asset management, wealth management, life insurance and credit, with growing client assets supporting fee income.<\/p>\n<p>Revenue grew from Rs 7,212.59 crore in FY22 to Rs 10,865.14 crore in FY26, a 50.6% rise, and FY26 revenue was 14.1% higher than FY25. FY26 net profit rose 27.0% to Rs 680.46 crore. Over four years, net profit rose from Rs 212.07 crore in FY22 to Rs 680.46 crore. In Q1 FY27, revenue grew 6.0% to Rs 2,418.81 crore, and net profit rose 30.9% to Rs 134.37 crore.<\/p>\n<p>Debt to equity is 4.02 and return on equity is 13.58%. Edelweiss paid a dividend of Rs 1.5 per share for FY26, a yield of 1.17%. At a P\/E of 16.98 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 16.98 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"IIFL_Capital_Services_Wealth_and_Broking_Reach_Builds_the_Next_Leg\"><\/span><strong>IIFL Capital Services: Wealth and Broking Reach Builds the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>IIFL Capital&#8217;s roadmap rests on broking, wealth and capital market services for retail, high net worth and institutional clients, with a broad client base supporting fee income.<\/p>\n<p>Revenue grew from Rs 1,316.41 crore in FY22 to Rs 2,603.10 crore in FY26, a 97.7% rise, and FY26 revenue was 1.4% higher than FY25. FY26 net profit was Rs 563.64 crore. In Q1 FY27, revenue grew 6.0% to Rs 721.31 crore, and net profit rose 4.9% to Rs 184.16 crore.<\/p>\n<p>Debt to equity is 0.59 and return on equity is 18.31%. IIFL Capital paid a dividend of Rs 3 per share for FY26, a yield of 0.86%. At a P\/E of 18.95 against an industry P\/E of 34.91, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 18.95 against an industry P\/E of 34.91 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Motilal_Oswal_Financial_Services_Broking_and_Asset_Management_Anchor_the_Roadmap\"><\/span><strong>Motilal Oswal Financial Services: Broking and Asset Management Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Motilal Oswal&#8217;s roadmap rests on broking, wealth management, asset management and housing finance under one financial services group, with rising equity participation supporting its market-linked businesses.<\/p>\n<p>Revenue grew from Rs 4,316.41 crore in FY22 to Rs 9,416.42 crore in FY26, a 118.2% rise, and FY26 revenue was 11.9% higher than FY25. FY26 net profit was Rs 1,865.43 crore. In Q1 FY27, revenue grew 25.1% to Rs 3,432.23 crore, and net profit rose 10.2% to Rs 1,273.71 crore.<\/p>\n<p>Debt to equity is 1.65 and return on equity is 14.50%. Motilal Oswal paid a dividend of Rs 6 per share for FY26, a yield of 0.59%. At a P\/E of 30.89 against an industry P\/E of 34.91, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 30.89 against an industry P\/E of 34.91 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Brokerage_and_Advisory_Group_Stocks_in_India_Edelweiss_vs_IIFL_Capital_vs_Motilal_Oswal_on_Key_Financials\"><\/span><strong>Best Brokerage and Advisory Group Stocks in India: Edelweiss vs IIFL Capital vs Motilal Oswal on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best brokerage and advisory group stocks in India, Edelweiss leads on FY26 revenue growth and Q1 FY27 net profit growth; IIFL Capital leads on return on equity and the lowest debt to equity; Motilal Oswal leads on Q1 FY27 revenue growth. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Edelweiss<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">IIFL Capital<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Motilal Oswal<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,865.14<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,603.10<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,416.42<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">680.46<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">563.64<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,865.43<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.58%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.31%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.50%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.98<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.89<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.02<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.59<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.65<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.17%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.86%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.59%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Broker earnings follow market activity, client assets and fee income, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Brokerage_and_Advisory_Group_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Brokerage and Advisory Group Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen brokerage and advisory group stocks and shortlist brokerage and advisory group stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check client assets, fee income and market activity together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these brokerage and advisory group stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Brokerage_and_Advisory_Group_Stocks\"><\/span><strong>Risks to Consider Before Investing in Brokerage and Advisory Group Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Market swings:<\/strong> Lower trading activity can reduce broking income.<\/li>\n<li><strong>Regulation:<\/strong> Rule changes on fees and products can affect margins.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Edelweiss, IIFL Capital and Motilal Oswal live.<\/em><\/p>\n<p>Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.<\/p>\n<p>Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.<\/p>\n<p>The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three wealth and broking stocks cover broking, wealth management, asset management and advisory services. Edelweiss leads on FY26 revenue growth and Q1 FY27 net profit growth; IIFL Capital leads on return on equity and the lowest debt to equity; Motilal Oswal leads on Q1 FY27 revenue growth.<\/p>\n<p>Across brokerage and advisory group stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the brokerage and advisory group stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Brokerage_and_Advisory_Group_Stocks\"><\/span><strong>FAQs on Brokerage and Advisory Group Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_brokerage_and_advisory_group_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best brokerage and advisory group stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Edelweiss Financial Services, IIFL Capital Services and Motilal Oswal Financial Services stand out for their roadmaps in broking, wealth management, asset management and advisory services. FY26 revenue growth was 14.1% at Edelweiss, 1.4% at IIFL Capital and 11.9% at Motilal Oswal, and return on equity ranges from 13.58% to 18.31%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Edelweiss_Financial_Services_a_good_stock_to_buy_now\"><\/span><strong>Is Edelweiss Financial Services a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Edelweiss Financial Services has a debt to equity ratio of 4.02, a return on equity of 13.58% and a P\/E of 16.98 against an industry P\/E of 17.72. Valuation, market activity and fee income move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Edelweiss_IIFL_Capital_and_Motilal_Oswal\"><\/span><strong>What is the P\/E ratio of Edelweiss, IIFL Capital and Motilal Oswal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 16.98 for Edelweiss (industry 17.72), 18.95 for IIFL Capital (industry 34.91) and 30.89 for Motilal Oswal (industry 34.91). All of them trade below the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_brokerage_and_advisory_group_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these brokerage and advisory group stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IIFL Capital Services has the highest return on equity at 18.31%, followed by Motilal Oswal Financial Services at 14.50% and Edelweiss Financial Services at 13.58%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_brokerage_and_advisory_group_stocks\"><\/span><strong>What are the risks of investing in brokerage and advisory group stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are market swings, regulation and quarterly trends. Lower trading activity can reduce broking income.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Edelweiss_IIFL_Capital_and_Motilal_Oswal_perform_in_Q1_FY27\"><\/span><strong>How did Edelweiss, IIFL Capital and Motilal Oswal perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Edelweiss Financial Services reported revenue of Rs 2,418.81 crore, up 6.0% year on year, and net profit rose 30.9% to Rs 134.37 crore. IIFL Capital Services reported revenue of Rs 721.31 crore, up 6.0% year on year, and net profit rose 4.9% to Rs 184.16 crore. Motilal Oswal Financial Services reported revenue of Rs 3,432.23 crore, up 25.1% year on year, and net profit rose 10.2% to Rs 1,273.71 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_brokerage_and_advisory_group_stocks_pay_dividends\"><\/span><strong>Do brokerage and advisory group stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 1.17% for Edelweiss, 0.86% for IIFL Capital and 0.59% for Motilal Oswal, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_brokerage_and_advisory_group_stocks_in_India\"><\/span><strong>How can I invest in brokerage and advisory group stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy brokerage and advisory group stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best brokerage and advisory group stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Edelweiss Financial Services, IIFL Capital Services and Motilal Oswal Financial Services stand out for their roadmaps in broking, wealth management, asset management and advisory services. 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All of them trade below the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these brokerage and advisory group stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"IIFL Capital Services has the highest return on equity at 18.31%, followed by Motilal Oswal Financial Services at 14.50% and Edelweiss Financial Services at 13.58%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in brokerage and advisory group stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are market swings, regulation and quarterly trends. Lower trading activity can reduce broking income.\"}},{\"@type\":\"Question\",\"name\":\"How did Edelweiss, IIFL Capital and Motilal Oswal perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Edelweiss Financial Services reported revenue of Rs 2,418.81 crore, up 6.0% year on year, and net profit rose 30.9% to Rs 134.37 crore. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Edelweiss Financial Services, IIFL Capital Services and Motilal Oswal Financial Services compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":29,"featured_media":301837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[11263,11264,10954,11265,10583],"class_list":["post-301838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-brokerage-and-advisory-group-stocks","tag-brokerage-and-advisory-group-stocks-to-buy","tag-edelweiss-financial-services","tag-iifl-capital-services","tag-motilal-oswal-financial-services"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["301837"],"rank_math_title":["Brokerage and Advisory Group Stocks: Top 3 Roadmap Picks"],"rank_math_description":["Brokerage and advisory group stocks with a strong roadmap: Edelweiss, IIFL Capital and Motilal Oswal compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["brokerage and advisory group stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-brokerage-and-advisory-group-stocks-with-a-strong-future-roadmap-edelweiss.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/301838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=301838"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/301838\/revisions"}],"predecessor-version":[{"id":301839,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/301838\/revisions\/301839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/301837"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=301838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=301838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=301838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}