nasvareshu -- subject to destruction; iha -- in this world; bhaveshu -- among entities; tat -- that; asi -- are; tvam -- You; anasvaram -- the indestructible; yatha -- just as; dravya -- of a substance; vikareshu -- among the transformations; dravya-matram -- the substance itself; nirupitam -- ascertained.

You are the one indestructible entity among all the destructible things of this world, like the underlying substance that is seen to remain unchanged while the things made from it undergo transformations.