Old MRF Shares: What They Are Worth and How to Recover Them
Reviewed 24 September 2026
Do you still own MRF shares?
MRF is the unusual case: it has issued no bonus and no split since 1975, so a share on an old certificate is still one share today — and MRF trades at the highest price on the Indian market. A handful of shares on a forgotten 1980s certificate can therefore be worth more than a large holding in most companies. MRF handles its own share registry in Chennai rather than using an outside registrar.
How many MRF shares do you own today?
- 1970Bonus issue, 3:10Three bonus shares for every ten held.
- 1975Bonus issue, 1:2One bonus share for every two held. MRF has made no bonus issue or share split since.
The absence of later corporate actions is the point: unlike most blue chips, MRF has not multiplied its share count since 1975, so the number on the certificate is close to the number you still hold.
Quick reference: what to multiply your certificate by
Find the row for when the shares were bought. The multiplier is what each share on the certificate has become since, counting only the corporate actions we have verified.
| If bought | Each share is now | Plus |
|---|---|---|
| Held before the 1970 bonus | 1.95 MRF shares | — |
| Held between 1970 and the 1975 bonus | 1.5 MRF shares | — |
| Held since 1975 | 1 MRF share | No bonus or split since |
Because there has been no split, value sits in the price rather than the count. That has a practical consequence for families: even a small MRF holding can exceed SEBI’s ₹10 lakh simplified-transmission threshold, which changes the documents a claim needs.
Why MRF certificates deserve a careful look
Most old certificates are worth checking because the share count has multiplied. MRF is the opposite: the count barely changed, and the price did the work instead. A certificate for twenty shares is not a trivial holding.
That also means the transmission route is more likely to be the higher-value one. Establish the number and today’s price before assuming an indemnity bond and NOCs will be enough — above ₹10 lakh per company, a will, legal heirship certificate or succession certificate comes into play.
Who is MRF’s registrar, and how do you contact them?
MRF Limited — in-house share department
- Address
- 114, Greams Road, Chennai 600006
- Phone
- 044 2829 2777
- mrfshare@mrfmail.com
MRF manages the registrar and transfer agent function internally, so requests go to the company rather than to KFintech or MUFG Intime.
Registrars change. Confirm the current one on the company’s investor page before posting anything, and see how to find a company’s registrar.
How do you recover or sell old MRF shares?
- The shares are in your name and you have the certificates
Update KYC on the folio if needed, then dematerialise them so they can be sold.
- The shareholder has died
The nominee, surviving joint holder or legal heirs claim through transmission.
- You bought the shares on paper before April 2019
SEBI's special window, open until 4 February 2027, lets you complete the transfer.
- The certificates are lost or damaged
The registered holder or heirs apply for duplicates, credited to demat.
- The shares or dividends were transferred to IEPF
Claim them back from the IEPF Authority with Form IEPF-5.
- The certificate is in an old or merged company name
The holding may now sit with a renamed or successor company.
Questions we are asked about MRF shares
Has MRF ever split its shares?
No. MRF issued bonus shares in 1970 and 1975 and has made no bonus issue or split since, which is why its share price is the highest on the Indian market.
Who do I write to about old MRF shares?
MRF itself. The company runs its share department in-house at 114 Greams Road, Chennai 600006, reachable at mrfshare@mrfmail.com.
My grandfather had a few MRF shares. Is it worth pursuing?
Almost certainly. Because there has been no split, each share on the certificate is still roughly one share today, at a price far above most listed companies. Check the number before assuming it is too small to matter.
Sources
Free valuation of old shares
Send us the company name and folio number from the certificate. We work out what the holding is worth today, after bonuses, splits and mergers.