This study examines the physicochemical characteristics, morphometric features, biometric growth parameters, biological indices, physiological parameters, and biochemical profiles of Schizothorax niger population. The physicochemical analysis revealed a maximum temperature of 12.93 ± 1.33°C and hardness of 156.53 ± 12.82 mg/L in Dal Lake, whereas the Jhelum River had a minimum level of 10.94 ± 1.12°C temperature and 128.31 ± 11.62 mg/L of hardness. Dal Lake had a neutral pH (7.5 ± 0.2) and lower dissolved oxygen (6.8 ± 0.4 mg/L) compared to the Jhelum River (pH 7.2 ± 0.3; dissolved oxygen 7.5 ± 0.5 mg/L). Morphometric analysis showed significant differences (p < 0.05) in fish length (Dal Lake: 18.4 ± 2.1 cm; the Jhelum River: 21.0 ± 1.8 cm) and weight (Dal Lake: 74.5 ± 9.8 g; the Jhelum River: 92.2 ± 7.4 g) between the sites. Biometric growth parameters demonstrated a positive allometric growth pattern, with Dal Lake having a steeper slope (b = 3.15) than the Jhelum River (b = 2.98). Biological indices revealed gender‐based variations in the gonado‐somatic index (GSI) and hepato‐somatic index (HSI), with GSI being higher in Dal Lake (0.21 ± 0.02) and HSI in the Jhelum River (1.04 ± 0.09). Haematological and biochemical analyses showed significant differences in parameters such as haematocrit (Dal Lake: 29.2 ± 2.1%; the Jhelum River: 32.4 ± 1.8%), glucose (Dal Lake: 85.3 ± 5.4 mg/dL; the Jhelum River: 68.1 ± 4.2 mg/dL), and total protein (Dal Lake: 6.2 ± 0.4 g/dL; the Jhelum River: 5.8 ± 0.3 g/dL) between sites. These findings provide valuable insights into the physiological traits and population dynamics of S. niger, informing species‐specific conservation strategies and ecosystem management practices.