अहम् I am, त्वाम् your, न खलु तुलये indeed do not compare, नावमन्ये I do not insult you, न भीषये not to scare , तस्य his, भीमैः by dreadful, कर्मभिः by his actions, मम in me, कातर्यम् cowardice, जनितम् is created.

'The dreadful acts of Vali have made me feel timid. This is not to compare you with him or your strength with his or insult you and scare you.