The Near Threatened Tibetan argali Ovis ammon hodgsoni is distributed across the Tibetan Plateau and its peripheral mountains. Within India it occurs in Ladakh (Jammu and Kashmir) and Sikkim, and the population was estimated to be c. 200 in the early 1990s. Hunting of the species was banned in Jammu and Kashmir in the 1980s but the effect of this hunting moratorium on the population has not previously been assessed. We conducted surveys in the proposed Gya-Miru Wildlife Sanctuary and the neighbouring Tsokar Basin, areas reported to have a relatively high abundance of argali within Ladakh. We also opportunistically surveyed other areas and collected secondary information about the species’ occurrence in other parts of Ladakh. A total of 127 animals were counted during the surveys. Based on this number and other small populations reported earlier by us and others, we estimate a total population of 300–360 argali in Ladakh. Although past population estimates were approximate, the present estimate, which includes areas not previously surveyed, suggests there has been no substantial change in the population of argali in Ladakh since the early 1980s. Factors other than hunting therefore appear to be impeding argali population recovery in this region. Pashmina-producing goats are the most abundant livestock within the argali's range and, owing to the recent increase in demand for this fibre, the goat population is increasing and this may be hindering the recovery of the argali.