The yield and nutritional profile of grass and legume species in Kashmir Valley’s rangelands are scantly reported. The study area in this paper included three types of sites (grazed, protected, and seed-sown) divided into three circles: northern, central, and southern Kashmir. From each circle, three districts and three villages per district were selected. Most sites showed higher aboveground biomass (AGB) compared to belowground biomass (BGB), which showed low to moderate effects on biomass. The comparison between northern, central, and southern Kashmir regions revealed that AGB (86.74, 78.62, and 75.22 t. ha−1), BGB (52.04, 51.16, and 50.99 t. ha−1), and total biomass yield (138.78, 129.78, and 126.21 t. ha−1) were the highest in central Kashmir region, followed by southern and northern Kashmir regions, respectively. More precisely, AGB and total biomass yield recorded the highest values in the protected sites of the central Kashmir region, whereas BGB scored the highest value in the protected sites of southern Kashmir region. The maximum yield (12.5 t. ha−1) recorded among prominent grasses was attributed to orchard grass, while the highest crude fiber and crude protein contents (34.2% and 10.4%, respectively), were observed for Agrostis grass. The maximum yield and crude fiber content (25.4 t. ha−1 and 22.7%, respectively), among prominent legumes were recorded for red clover. The highest crude protein content (33.2%) was attributed to white clover. Those findings concluded the successful management of Kashmir rangelands in protected sites, resulting in high biomass yields along with the considerable nutritional value of grasses and legumes.