A film clamping and cutting device of stretch wrapping machines is revealed. A film clamping and cutting unit and a drag set used as an auxiliary are disposed on a turntable. The drag set includes a rotatable block which is connected to an assembly wheel of the film clamping and cutting unit. The rotatable block is connected to a shaft clipped in a clip space formed between a drag plate and a clip. An elastic body is assembled between the drag plate and the clip. By way of the drag plate, the clip and the elastic body, the shaft connected to the rotatable block is not released from the clip space until a film clamping and cutting rod and a clamp reach certain positions. Thus a connection rod disposed on the rotatable block drives the clamp to clip film timely so as to clamp and cut the film precisely.