धर्मात्मा righteous, शरण्यः protector, पुरा earlier, सर्वलोकस्य for the whole world, to all (his) people शरणम् protector, गुरुः respectable, सः he, अयम् this person, राघवः Rama, सुग्रीवम् Sugriva's, शरणं गतः sought protection

'This righteous Rama who used to lend in the past protection to the whole world and, indeed, a refuge to all, venerable sir, now seeks Sugriva's shelter.