The invention discloses a COT-control-based ripple-compensation-based buck circuit power management chip comprising a power input pin, an output voltage pin, a grounding pin, an enabling pin, an over-current detection pin, a feedback pin and a switch SW pin. A reference circuit module, an over-current protection module, a zero-current switching module, a control logic and soft starting module, a constant conduction time generation module, a comparator module, a ripple compensation module, a drive module, and two on-chip switching tubes are arranged inside the chip. According to the power management chip provided by the invention, ripples can be superposed at the reference voltage terminal inside the chip. Compared with the traditional method superposing the ripples with the feedback voltage sampling terminal, the provided technical scheme enables the traditional COT-control-based off-chip RC passive compensation network to be reduced; and the on-chip ripple compensation module uses the active compensation way with the pseudo inductive current ramp, so that the low resistance and capacitance are used and no accumulation error of the used compensated waveform is caused.