naṭa-vat - like a cheater or rogue; mūḍha - you rascal; māyābhiḥ - by exhibiting illusions; māyā-īśān - unto the demigods, who can control all such illusory manifestations; naḥ - unto us; jigīṣasi - you are trying to become victorious; jitvā - conquering; bālān - small children; nibaddha-akṣān - by binding the eyes; naṭaḥ - a cheater; harati - takes away; tat-dhanam - the property in the possession of a child.

Indra said: O rascal, as a cheater sometimes binds the eyes of a child and takes away his possessions, you are trying to defeat us by displaying some mystic power, although you know that we are the masters of all such mystic powers.