The viewer, Ravi, said that his grandfather had bought 20,000 shares of MRF in the year 1990 and has relevant physical certificate as proof.

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Simply put, his grandfather's investment in MRF is now worth Rs 130 crore! 

Even as the deadline for demat account has passed away, the viewer still has the option to sell out the physical MRF shares after dematerialisating them.

The amount of returns this stock has given is breath-taking. 

MRF, which was trading below Rs 500 per share on August 24, 2001, has now touched over Rs 74,000-mark this year on stock exchanges – a return of over 14,700% or 148 times till date.

At present, the company is trading at twelve-months price-to-equity ratio (P/E) 21.35 times and earnings per share (EPS) is Rs 251.19 which is way higher than its peers like Apollo Tyre – whose EPS is at mere Rs 1.32, CEAT Ltd at Rs 4.73 and JK Tyre at negative Rs 2.90 per share.

Not only this, the start of the year 2017 has been also good for MRF's stock price. Between January - till date, it has surged over 50%. 

Also on this day of the previous year - MRF was trading at Rs 39,044 per piece - which means on year-on-year basis the stock has jumped by nearly 90%.

Such performance is not the end for MRF, analysts are still optimistic on the share price considering the company's strong business portfolio. 

Vijay Sarthy TS and Shubhranshu Mishra analysts at Anand Rathi said, "Given the decline in rubber costs and its continued higher revenue growth, MRF’s margin is expected to be better in coming quarters.  For the next two years, we expect competition in two-wheeler tyres to be keener. Nevertheless, the company will be able to maintain its market share, we believe."

On the strong volume growth, the duo expects MRF's revenue over FY17-19 to clock a 14% CAGR. While  FY18 margin to be lower (at 17.9%) and FY19’s to come at 21.2%, resulting in a 19% EBITDA CAGR. 

Accordingly, Anand Rathi believe MRF's earnings to register a 21% CAGR (compounded annual growth rate) to Rs 2,140 crore, leading to an EPS of Rs 5,044.4. We recommend a Buy on the stock, at a price target of Rs 81,710 (16x FY19e EPS).'

Apart from MRF - other expensive stocks on indexes  are Eicher Motors (Rs 33,483.95 per share), Bosch (Rs 25,245.20 per share), Shree Cement (Rs 20,560 per share), Page Industries (Rs 18,915 per share) and 3M India (14,912.20 per share).

Converting physical shares into Demat

One can convert it's physical shares to demat form by opening a recipient account with a depository participant, in case if they do not have any demat account. Depository participant (DP) is usually a broker or agent that interfaces with the bank.

To open the beneficiary account, you need to fill up the account opening form properly and signing a deal with the depository participant - which involves information like your bank account, name, address, branch of the bank, etc.

Next step would be to dematerialize the physical shares. Fill up the DRF or Dematerialization Request Form given by the depository participant and submit your share certificates along with the form.

Later the DP submits the certificates to the registrar of the issuer company. In most of the cases, applicant will get the electronic request and physical shares and DRF within two weeks after verification done by the company. 

On completion of the process, your DP will  provide you periodic statements of your holdings. Apart from this, DP will also update the account of the clients on a regular basis especially after any transaction.