JM Financial vs Edelweiss Financial Services vs SMC Global Securities: Which Stock Should You Track

JM Financial vs Edelweiss Financial Services vs SMC Global Securities starts with the core numbers most investors compare within the Diversified Financial Services (Fourth Fresh Set) segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Diversified Financial Services (Fourth Fresh Set) bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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JM Financial, Edelweiss Financial Services and SMC Global Securities: Company Overview

JM Financial is a listed Indian company in the Diversified Financial Services (Fourth Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Edelweiss Financial Services is a listed Indian company in the Diversified Financial Services (Fourth Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

SMC Global Securities is a listed Indian company in the Diversified Financial Services (Fourth Fresh Set) space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

JM Financial vs Edelweiss Financial Services vs SMC Global Securities: Valuation and Profitability Snapshot

Metric	JM Financial	Edelweiss Financial Services	SMC Global Securities
Market Cap (approx.)	Rs 12,153 crore	Rs 13,162 crore	Rs 1,784 crore
PE Ratio (TTM)	10.94	18.49	16.23
PB Ratio	1.14	2.85	1.37
Return on Equity (ROE)	11.28%	13.58%	7.82%
EPS (TTM, Rs)	11.61	7.52	5.25
Dividend Yield	2.56%	1.08%	1.41%
Debt to Equity	1.09	4.02	1.56
Book Value per Share (Rs)	111.37	48.84	62.27

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On valuation, JM Financial trades at a PE of 10.94 and a PB of 1.14, Edelweiss Financial Services at a PE of 18.49 and a PB of 2.85, while SMC Global Securities trades at a PE of 16.23 and a PB of 1.37. On return on equity, the three post 11.28%, 13.58% and 7.82% respectively, and on dividend yield they stand at 2.56%, 1.08% and 1.41%.

JM Financial vs Edelweiss Financial Services vs SMC Global Securities: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
JM Financial	Rs 1,224.66 crore	Rs 368.74 crore	+9.2%	+26.4%
Edelweiss Financial Services	Rs 2,418.81 crore	Rs 134.37 crore	+6.0%	+22.8%
SMC Global Securities	Rs 515.60 crore	Rs 36.74 crore	+21.1%	-1.1%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three diversified financial services (fourth fresh set) names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

JM Financial vs Edelweiss Financial Services vs SMC Global Securities highlights how differently three companies in the same diversified financial services (fourth fresh set) segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on JM Financial vs Edelweiss Financial Services vs SMC Global Securities

What is the market cap difference between JM Financial, Edelweiss Financial Services and SMC Global Securities?

Ans. As of September 2026, JM Financial has a market cap of approximately Rs 12,153 crore, Edelweiss Financial Services is at approximately Rs 13,162 crore, and SMC Global Securities is at approximately Rs 1,784 crore.

Which of the three has the highest PE ratio?

Ans. Among JM Financial, Edelweiss Financial Services and SMC Global Securities, the PE ratios stand at 10.94, 18.49 and 16.23 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. JM Financial, Edelweiss Financial Services and SMC Global Securities post ROE of 11.28%, 13.58% and 7.82% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. JM Financial, Edelweiss Financial Services and SMC Global Securities carry dividend yields of 2.56%, 1.08% and 1.41% respectively.

What is the debt to equity ratio for JM Financial, Edelweiss Financial Services and SMC Global Securities?

Ans. JM Financial carries a debt to equity of 1.09, Edelweiss Financial Services of 4.02, and SMC Global Securities of 1.56.

Which of the three trades at the highest price to book value?

Ans. JM Financial, Edelweiss Financial Services and SMC Global Securities trade at price to book ratios of 1.14, 2.85 and 1.37 respectively.

Is one of JM Financial, Edelweiss Financial Services or SMC Global Securities better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.