saḥ - he; ati-vīryaḥ - very powerful; asuraḥ - a demon; rāma - O Rāma; he kṛṣṇa - O Kṛṣṇa; khara-rūpa - the form of an ass; dhṛk - assuming; ātma-tulya - equal to himself; balaiḥ - whose strength; anyaiḥ - with others; jñātibhiḥ - companions; bahubhiḥ - many; vṛtaḥ - surrounded.

O Rāma, O Kṛṣṇa! Dhenuka is a most powerful demon and has assumed the form of an ass. He is surrounded by many friends who have assumed a similar shape and who are just as powerful as he.