Recon Technology, Ltd.
Recon Technology, Ltd. (NASDAQ: RCON) is trading at $1.25, about ₹120 at today's USD/INR rate, as of 30 Sep 2026, 12:31 PM ET, up 1.63% today. Indian residents can buy Recon Technology from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$1.22
Today's high
$1.29
52 week low
$1.20
52 week high
$414.00
RCON opened at $1.25, closed previously at $1.23, and has traded between $1.20 and $414.00 over the past 52 weeks.
About
Recon Technology, Ltd. (RCON) is a company that delivers a comprehensive suite of hardware, software, and field-based services to enterprises operating within China's petroleum exploration and production sector. The company's hardware portfolio encompasses various tools and equipment essential for oilfield production, management, and logistics. Key offerings include specialized equipment for oil and gas production and transport, such as heating furnaces and burners. Recon also provides advanced techniques and components like fracturing and production packers, solutions for sand prevention in wells, water location and plugging, fissure shaping, and fracture acidizing. Additionally, it offers electronic breakdown services to address blockages and freezing issues. Furthermore, Recon engineers and markets advanced industrial automation and information management solutions. Its automation systems and services feature pumping unit controllers for monitoring and data acquisition, RTUs for natural gas well surveillance and pressure data collection, wireless dynamometers and pressure gauges, electric multi-way valves for precise oilfield metering station flow regulation, and sophisticated natural gas flow computer systems. A significant part of its portfolio includes SCADA (Supervisory Control and Data Acquisition) systems. This encompasses the Recon SCADA platform for general oilfield monitoring and data collection, EPC (Engineering, Procurement, and Construction) services for pipeline SCADA systems, and EPC services for oil and gas well SCADA systems to oversee operations and gather data from both oil and natural gas wells. The company also implements EPC services for oilfield video surveillance and control, ensuring oversight of wellheads and measurement stations, alongside providing technical consultancy for digital oilfield transformation initiatives. Moreover, Recon addresses environmental concerns by offering oilfield wastewater treatment solutions, complete with necessary chemicals, and specialized services for oily sludge disposal. Established in 2007, Recon Technology, Ltd. maintains its corporate headquarters in Beijing, People's Republic of China.
Key statistics
Avg. volume
143.69K
Market cap
$441.42K
P/E Ratio
-0.14
Price-to-sales ratio
0.03
Enterprise value
CN¥1.58B
Free cash flow yield
-2.66%
Debt-to-equity ratio
0.08
Return on equity
-9.11%
ROIC
-11.74%
Beta
1.41
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
CN¥66.29M
Earnings per share
-CN¥93.60
Free cash flow
-CN¥43.71M
Net profit margin
-25.46%
Gross margin
27.79%
EBITDA
-CN¥54.17M
Revenue growth
-3.73%
Similar securities
This is not an investment recommendation
How to buy Recon Technology from India
Indian residents can buy Recon Technology shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Recon Technology and place an order
Find Recon Technology by name or by its ticker, RCON, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Recon Technology trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Recon Technology position in USD and INR. Recon Technology pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Recon Technology from India
Trading and taxes when buying Recon Technology from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneRecon Technology does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Recon Technology stock?
Yes. Recon Technology (RCON) has been listed on NASDAQ since 2009, in the Oil & Gas Equipment & Services industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Recon Technology share cost in rupees?
One Recon Technology share is $1.25 — about ₹120 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Recon Technology price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Recon Technology from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Recon Technology?
Yes. One Recon Technology share is $1.25, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Recon Technology.
How are gains on Recon Technology shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Recon Technology price. Paasa issues a capital-gains statement for your return.
Does Recon Technology pay a dividend?
No. Recon Technology does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Recon Technology from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is Recon Technology a United States company, and does that change how it is taxed?
Recon Technology trades on NASDAQ in US dollars, but the company is domiciled in China. Recon Technology trades as an ordinary share listed directly in the US, not a depositary receipt. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Recon Technology shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Recon Technology holding, its cost and its closing value.
How do I sell Recon Technology and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.