diff --git a/plat/renesas/rcar/platform.mk b/plat/renesas/rcar/platform.mk
index 0cc746d129a71fadf8f32fed73c785640cca631d..80042d6c3e29784b4fe582e05416674d5127abfd 100644
--- a/plat/renesas/rcar/platform.mk
+++ b/plat/renesas/rcar/platform.mk
@@ -415,7 +415,7 @@ clean_srecord:
 	rm -f ${SREC_PATH}/bl2.srec ${SREC_PATH}/bl31.srec
 
 .PHONY: rcar_srecord
-rcar_srecord:
+rcar_srecord: $(BL2_ELF_SRC) $(BL31_ELF_SRC)
 	@echo "generating srec: ${SREC_PATH}/bl2.srec"
 	$(Q)$(OC) -O srec --srec-forceS3 ${BL2_ELF_SRC}  ${SREC_PATH}/bl2.srec
 	@echo "generating srec: ${SREC_PATH}/bl31.srec"