Hippophae rhamnoides L. belonging to family Elaeagnaceae has gained considerable importance as the wonder plant because of its anti-inflammatory, anti-microbial and anti-cancer properties. Commonly known as Seabuckthorn; it also provides protection against rheumatoid arthritis, psoriasis, multiple sclerosis, and diseases of larynx, lungs, skin and cardiovascular nature. In India, seabuckthorn is distributed in five states; Jammu and Kashmir, Himachal Pradesh, Uttrakhand, Sikkim and Arunachal Pradesh. Of the four species of Hippophae reported across these five states, two occur in Jammu and Kashmir. Ladakh region of this state is rich in seabuckthorn with its populations abounding Leh and Kargil districts. Owing to its enormous importance, the leaves of Hippophae rhamnoides were screened for the presence of bioactive substances in them. For this purpose extracts of shade dried leaves belonging to different populations of Kargil were largely prepared in three different solvents namely water, acetone and methanol. In some, meta-phosphoric acid, chloroform and petroleum ether were also employed. These were then subjected to specific color tests and evaluated. Results indicate the presence of a large number of important antioxidants and other health promoting metabolites in these leaves. Phenols, flavonoids, tannins, sterols, saponins, ascorbic acid and alkaloids tested positive in all the three extract types. Anthocyanides, phlobatannins, steroids, and leucoanthocyanins were uniformly absent in all. Terpenoids, flavonols and cardiac glycosides are present in aqueous extract. However, their response in other solvents differs.